‘What Lies Beneath’? Market Headlines Mask Mayhem Below The Surface This Week
“We view this as an irrational market…”
Strong PMI data and hawkish Fed speak knocks bonds off peaks – Newsquawk US Market Wrap
Fed commentary prioritises inflation over financial stability; Yellen meets with FSOC; Strong PMI data; Weak durables; UK CMA narrows scope of MSFT/ATVI concerns
Biden Says “Banks In Pretty Good Shape” As Small Banks See Biggest Deposit Outflow On Record
“The banks are in pretty good shape… I don’t see anything on the horizon about to explode”
Strong Winds Topple Huge Ship Once Owned By Paul Allen, 33 Injured
“Deep sea research vessel RV Petrel, has blown over…”
Bipartisan Senators Push To Ban China From Buying US Farmland
“Foreign adversaries, including the Chinese Communist Party, should never be allowed to control Americans’ agricultural lands or our food supply…”
The Big Apple Is The World’s Most Expensive City For Business Travelers
Save costs… do a video call?
Watch Live: Fed Chair Powell Attempts High-Wire Walk Between Price & Financial System Stability
Jay shoots for a Goldilocks press conference…
Fed Hikes Rates 25bps, Maintains QT, Removes Hawkish Guidance
“…some additional policy firming may be appropriate”
Wall Street Reacts To Powell’s 25bps Rate Hike In The Middle Of A Banking Crisis
The Fed decision has may have come and gone but the hot takes from Wall Street experts are just starting. Below we excerpt from some of the more notable reactions…