June 15, 2023 Effective June 15, 2023, the Governing Council took the decision to raise the three key interest rates set by the European Central Bank (ECB) by 25 basis points. As a result, starting on June 21, 2023, the interest rates on the main refinancing operations, the marginal lending facility, and the deposit facility
June 15, 2023 United States: Bond Traders Step Up Bets the Fed Will Steer US Economy Into Recession Bond traders are stepping up wagers that the Federal Reserve will steer the US economy into a recession. Policy-sensitive front-end Treasuries led a selloff Thursday, while longer-date bonds lagged, a day after Fed officials indicated that
June 14, 2023 United States: US Producer Prices Decline by More Than Forecast on Cheaper Gas US producer prices declined in May, restrained by a drop in the cost of gasoline and underscoring a continued easing in supply-side inflation. The producer price index for final demand decreased 0.3% from a month earlier, according to
June 13, 2023 United States: US Inflation Slows, Giving Room for Fed to Pause Rate Hikes US inflation slowed in May, supporting the case for Federal Reserve officials to pause their run of aggressive interest-rate hikes this week. Both the consumer price index and the core CPI — which excludes food and energy —
June 12, 2023 United States: Fed Backs Away From Wages Focus, Bolstering Case for Rate Pause Federal Reserve officials are rethinking their view that wage gains are fueling inflation, a key intellectual shift that bolsters the case for a pause in their tightening campaign this week. Until recently, many top policymakers at the US
June 9, 2023 United States: Fed Seen Ending Its 15-Month Hiking Campaign in Economist Survey Most economists expect the Federal Reserve to pause interest-rate increases next week for the first time in 15 months and leave policy on hold through December, even as it confronts a resilient US economy and persistent inflation. The Federal
June 8, 2023 Gas Price Movement - June 8, 2023 Disclaimer: Analyst Certification - The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no
June 8, 2023 United States: Nasdaq 100 Edges Higher as Jobless Claims Jump: Markets Wrap The tech-heavy Nasdaq 100 edged higher and Treasuries erased a drop after data showing US jobless claims surged more than expected last week. The jump in jobless claims to the highest since October 2021 shows that the labor market,
June 7, 2023 United States: US Trade Deficit Widens to Largest in Six Months on More Imports The US trade deficit widened in April to the largest in six months as imports picked up and exports declined. The shortfall in goods and services trade grew by $14 billion, or 23% from a month earlier,
June 6, 2023 United States: Goldman Lowers US Recession Probability to 25% After Debt Deal Goldman Sachs Group Inc. lowered its estimate of the odds of a US recession over the next 12 months to 25% based on waning banking-sector stress and the bipartisan agreement to suspend the nation’s debt limit. The move reverses
