Thursday's News Links

[Yahoo/Bloomberg] Global Stocks Soar on View Fed Rates Have Peaked: Markets Wrap

[Yahoo/Bloomberg] Oil Resumes Rally as Equities Gain and US Inventories Decline

[Yahoo/Bloomberg] Wheat Jumps After Russian Strike Boosts Black Sea Supply Fears

[Yahoo/Bloomberg] Traders Pile Into Hedges Against Yen Gains Before BOJ Meeting

[CNBC] GDP grew at a 2.4% pace in the second quarter, topping expectations despite recession calls

[Yahoo/Bloomberg] A Post-Fed Wall Street Buckles Up for High-Stakes Economic Data

[Reuters] US grid operator PJM declares level one emergency amid scorching heat

[Yahoo/Bloomberg] Private Credit Lures $71 Billion in Second Quarter, Preqin Says

[Reuters] ECB raises rates to 23-year high; keeps options open for September

[Yahoo/Bloomberg] China’s Debt Ratio Hits Record, Masking Slowdown in Borrowing

[Yahoo/Bloomberg] China Asks Banks to Bankroll Tech in Latest Private Sector Boost

[Reuters] China industrial profits extend double-digit slide on weak demand

[Reuters] Insight: Obscure traders ship half Russia's oil exports to India, China after sanctions

[CNBC] IEA says coal use hit an all-time high last year — and global demand will persist near record levels

[Reuters] North Korea's Kim shows off banned missiles to Russian minister

[NYT] Credit Markets Are Creaking, Creating Economic Uncertainty

[WSJ] What Fed Hikes? Much of America’s Consumer Debt Is Still Riding Ultralow Rates

[WSJ] Private-Equity Fundraising Falls to Lowest Level in Five Years

[WSJ] Russian Attack on U.S. Drone Spurs Fears of Escalation Over Syria

[FT] ECB raises interest rates back to highest-ever level

[FT] ‘Last hike of the cycle’: economists predict Federal Reserve is done with interest rate rises

[FT] Russian defence minister vows to strengthen military ties with North Korea

[FT] Emmanuel Macron hits out at ‘a new imperialism’ in Indo-Pacific

Wednesday Evening Links

[Reuters] U.S. stocks close little changed as Fed leaves door open

[Yahoo/Bloomberg] Fed Raises Interest Rates to 22-Year High, Leaves Door Open for More

[Reuters] Fed staff drop US recession forecast, Powell says

[Yahoo Finance] Fed's Powell: 'Things have settled down' after regional bank crisis

[Reuters] CBO revises U.S. 2023 growth forecast higher amid strong first-half labor market

[FT] Federal Reserve raises US interest rates to highest level in 22 years

Wednesday Afternoon Links

[Reuters] S&P 500, Nasdaq slide as Big Tech results roll in; Fed in focus

[Yahoo/Bloomberg] Oil Slips as US Stockpile Draw Disappoints, Fed Decision Looms

[CNBC] Fed approves hike that takes interest rates to highest level in more than 22 years

[Reuters] US new home sales fall, but trend remains strong

[Yahoo/Bloomberg] Gasoline Is Surging All Over the World in Fresh Inflation Blow

[WSJ] How Bad Is China’s Economy? Millions of Young People Are Unemployed and Disillusioned