Darren Krett
Monday 8 May 2023
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closing report
Fed's Goolsbee (voter, dove) says Fed must be data dependent and watch credit conditions; getting "vibes" that a credit squeeze is beginning - Yahoo Finance interview Trying to stabilise prices without a hard landing. Have to say that recession is a possibility. Weighing how much Fed work is being done by tighter credit. Too early to make a call on rates for the June FOMC NATO air policing units were put on "higher readiness" due to "dangerous behaviour" of Russian military plan near Polish aircraft over Black Sea on Friday, according to NATO official PIMCO's Gross recommends selling volatility of regional banks but investors are ‘leery' about deposit outflows Investors should expect 3-4% inflation going forward Biden to meet with Republican leaders on Tuesday while congress is far apart from an agreement ahead of June 1st "X-Date"
Quiet session with England off for the day... the key events to look forward to this week are US CPI (Wed) and BoE (Thurs), accompanied by any Fed speak as participants try to figure out what is going to be the next move in rates, with conflicting views in the market Vs the FED
Darren Krett
Wednesday 3 May 2023
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Darren Krett
Friday 5 May 2023
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