Japan May Exports Post 15th Straight Y/Y Rise on Reopening Demand for Steel, Electronic Parts
–Imports Hit Fresh Record High on High Energy Costs, Leading to 10th Straight Trade Deficit –Exports to China Mark 2nd Straight Y/Y Drop on Covid Lockdowns By Max Sato (MaceNews) – Global reopening demand for iron and steel and semiconductors continued driving Japanese exports to surpass year-earlier levels for the 15th month in a row […]
<strong><br>FOMC Lifts Funds Rate 75 BPs; Signals More Rate Increases To Curb Inflation</strong>
– Powell Signals Rate Hikes in July and Beyond; 50 Most Likely In July – Dot Plot Projects Elevated Funds Rate Amid Worse Inflation, Slower GDP, More Jobless – Officials See Funds Rate at 3.4% End 2022; 3.8% End 2023; 3.4% End 2024 – ‘Neutral’ Rate Revised Up, But Only by A Tenth By Steven K. Beckner (MaceNews) – Federal […]
Rome Pushes for New EU Recovery Fund to Tackle Energy Prices Spike, Avoid Spreads Further Blowing Out – Sources
–Italian officials express relief over ECB moves to limit spread widening By Silvia Marchetti ROME (MaceNews) – Italy’s ruling coalition is pushing hard for the European Union to launch a new recovery fund aimed at jointly funding measures to cushion the impact of energy and inflation spikes on families and firms, in an attempt to […]