Overseas Headlines – July 14, 2022

July 14, 2022

 

United States:

Citi Now Sees a 100 Basis-Point Fed Rate Hike in July as Likely

Citigroup Inc. economists now see a 100 basis-point rate increase as the most likely outcome when the Federal Reserve meets in late July, following data that showed US consumer inflation accelerated to a fresh four-decade high.

https://www.bloomberg.com/news/articles/2022-07-14/citi-now-sees-a-100-basis-point-fed-rate-hike-in-july-as-likely?srnd=markets-vp#xj4y7vzkg

Europe:

ECB Is Judged as Acting Late After Its Long Goodbye to Low Rates

The European Central Bank’s much-heralded interest-rate hike will arrive too late, according to most economists in a Bloomberg survey.

https://www.bloomberg.com/news/articles/2022-07-14/ecb-is-judged-as-acting-late-after-its-long-goodbye-to-low-rates?srnd=markets-vp#xj4y7vzkg

Asia:

India Bonds Will Suffer Most in Asia in a US Recession Scenario

US recession risks are reverberating across the emerging Asian debt complex and nowhere is this more apparent than in Indian sovereign bonds.

https://www.bloomberg.com/news/articles/2022-07-14/india-bonds-will-suffer-most-in-asia-in-a-us-recession-scenario#xj4y7vzkg

 

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