Broadly defined commodities posted another gain for the trading week through Friday, June 10 while the remaining slices of the major asset classes fell, based on a set of ETF proxies.
Daily Archives: June 13, 2022
Macro Briefing: 13 June 2022
* Fed Chair Powell may face choice between inflation or recession
* Another Fed rate hike expected this week, and more to come
* “Ferocious” outbreak of Covid in Beijing raise doubts about China’s reopening
* UK economy contracts for second month in April
* US dollar’s rise to 20-year high translates to hefty losses for US Firms
* The worst of the global food crisis may lie ahead
* Bitcoin falls below $24,000, lowest since Dec. 2020
* Consumer sentiment in US slumps to record low in early June
* US consumer inflation rises to annual rate of 8.6% in May, a 40-year high:
