Wednesday, June 14, 2023

Thursday's News Links

[Yahoo/Bloomberg] Stocks Drop After Hawkish Fed With ECB on the Way: Markets Wrap

[MarketWatch] Two-year Treasury yields at three-month highs after Fed points to more rate rises

[Yahoo/Bloomberg] Yen Falls to 7-Month Low as Traders Shift Focus From Fed to BOJ

[Yahoo/Bloomberg] Oil Recovers Losses After Fed Pauses But Signals Hikes to Come

[CNBC] European Central Bank raises rates by 25 basis points after Fed opts to pause

[Reuters] Spasms in UK mortgage market spell pain for homeowners, economy

[Yahoo/Bloomberg] China’s Central Bank Ramps Up Rate Cuts as Economy Weakens 

[Reuters] China's May factory output, retail sales growth miss expectations

[Reuters] China's slower home price growth, deepening investment slump signal more easing

[AP] China’s factory, consumer activity weakens in May, youth unemployment rises

[Reuters] China cuts medium-term loan rates as economy sputters, more easing expected

[Reuters] Tumbling exports feed worker unrest in world's factory China

[Yahoo/Bloomberg] Shanghai Plant Burns 800 Tons of Coal an Hour to Keep City Cool

[Yahoo/Bloomberg] Dam Breach Remakes Ukraine Battlefield as Vast Reservoir Drains

[Yahoo/Bloomberg] Japan’s Exports Grow at Weakest Pace Since 2021 as Demand Slows

[Yahoo/Bloomberg] Australian Jobs Surge Boosts Rate-Hike Bets as Inflation Lingers

[Reuters] New Zealand dips into recession, putting rate hikes in doubt

[FT] Jay Powell struggles to explain ‘hawkish pause’ to sceptical economists

[FT] ECB increases rates to highest level since 2001

[FT] China to deploy deposit insurance to repay victims of rural banking fraud

Wednesday Evening Links

[Reuters] US stocks end mixed after Fed signals more rate hikes to come

[Dow Jones] 2-Year Treasury Yield Rises to 4.707% — Data Talk

[Yahoo/Bloomberg] Oil Falls as Surging Stockpiles, Fed Signals Damage Sentiment

[AP] Fed keeps rates unchanged but signals 2 more potential hikes this year

[Reuters] Fed leaves rates steady, sees two small hikes by end of 2023

[Yahoo/Bloomberg] Key Takeaways From Fed Rate Pause and Forecasts for Further Hikes

[Yahoo Finance] Fed 'dot plot' shows interest rates rising twice more in 2023, peaking at 5.6%

[Reuters] The Fed's stages of inflation grief, in Powell's words

[Yahoo Finance] It hasn’t been this hard for homebuyers to get a mortgage since 2013

[Yahoo/Bloomberg] US Companies Scramble to Cuts Costs, Pay Down Debt as Interest Rates Surge

[AP] Punishing winds, possible tornadoes inflict damage as storms cross US South

[AP] Blinken heads to China this weekend on mission to salvage sinking ties and keep communications open

[Yahoo/Bloomberg] Argentina annual inflation hits 114% but monthly rate slows unexpectedly

[NYT] ‘Do You Even Want Us to Exist?’ A Bank Chief Fights to Survive.

[WSJ] Fed Holds Rates Steady but Expects More Increases

[WSJ] The End of the Fed’s Tightening Is Still in Sight

[WSJ] The Fed Rate Pause Won’t End Mortgage Misery

[FT] China prepares boost for economy as foreign investors turn hostile