Friday Evening Links

[Reuters] Wall St rallies as inflation cools, Apple hits $3 trillion market value

[Yahoo/Bloomberg] FHA considers limiting big banks’ borrowing from backstop lender

[Reuters] US consumer spending hits speed bump; inflation picture mixed

[Yahoo/Bloomberg] US Consumers Lose Steam, Setting Economy Up for Sharp Slowdown

[Yahoo/Bloomberg] Private Credit and Hedge Funds Are Flooded With Loans as Banks Dump the Debt

Friday's News Links

[Yahoo/Bloomberg] Bonds Extend Losses With Inflation Data in Focus: Markets Wrap 

[Yahoo/Bloomberg] China’s PBOC Sticks With Yuan Support as Currency Losses Deepen

[Reuters] Japan finance minister warns against excessive yen weakening

[CNBC] Key Fed inflation measure shows prices rose just 0.3% in May

[Reuters] US targets China over semiconductors

[Yahoo/Bloomberg] American States Once Awash In Cash See Their Fortunes Suddenly Reversed

[Yahoo/Bloomberg] JPMorgan Team Ditches Bullish Treasuries View on US Data

[Yahoo/Bloomberg] Analysis: Macro hedge funds down at half-year point, pin recovery hopes on central banks

[Reuters] China's factory, service sectors stumble as economic malaise broadens

[Yahoo/Bloomberg] China Growth Momentum Slows Further Amid Calls for Stimulus

[Yahoo/Bloomberg] China Steelmakers Issue Stark Warning About Second-Half Outlook

[Reuters] UK economy makes weak start to 2023 as inflation weighs

[Yahoo/Bloomberg] UK Living Standards Resume Decline in Fresh Blow to Sunak

[Reuters] Euro zone inflation falls again in June as energy prices tumble

[Reuters] Climate nears point of no return as land, sea temperatures break records, experts say

[WSJ] Banks Brace for More Turmoil Heading Into the Third Quarter

[WSJ] Treasury Yields Resume Climb as Investors Bet on Growth

[WSJ] New Chinese Law Raises Risks for American Firms in China, U.S. Officials Say

[FT] Investors’ use of Fed overnight facility falls to lowest in a year