Fed’s Favorite Inflation Indicator Dips, US Spending Slows In May
The headline-maker from this morning’s macro melange is The Fed’s favorite inflation indicator – Core PCE Deflator – printed lower than expected at +4.7% YoY...
Bitcoin falls below $19,000 again as pressure mounts on crypto firms
Bitcoin price remained under pressure in June as a number of factors including rising rates and a liquidity crisis in the crypto industry weighed on...
Futures, Yields Slide In Recessionary Start To New Quarter
As DB’s Jim Reid puts it “if you want the good news this morning it’s that H1 is now finally over. If you want the...
BofA Says Brace for Recession Shock After Worst Rout in 52 Years
(Bloomberg) — A “recession shock” begins for markets following the worst first-half for the S&P 500 in more than 50 years, Bank of America Corp.’s...
Copper Slumps to 17-Month Low on Deepening Recession Concerns
(Bloomberg) — Copper prices tumbled to a 17-month low, extending last quarter’s slump, as deepening fears about a global economic slowdown drive a rout in...
Euro-Zone Inflation Hits Record, Boosting Case for Big Hikes
(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg Euro-area inflation surged...
World’s 6th Biggest Economy Hit By EM Investor Exodus
(Bloomberg) — Investors reeling from the brutal emerging markets selloff over the past six months again fled the rupee as India’s currency hit new lows,...
Goldman Strategists Warn Risk of Stock Selloff Is Still High
(Bloomberg) — The risk of a renewed selloff in equity markets is still high as investors are only pricing a mild recession, according to Goldman...
Ten-Year Treasury Yield Hovers Below 3% as Recession Fears Mount
(Bloomberg) — Treasuries began the second half of the year on the front foot Friday as concerns continued to mount that Federal Reserve rate hikes...
Australia’s Biggest Cities Lead Housing Slide as Rates Bite
(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg Australia’s two biggest...