The Federal Reserve’s 75-basis-point hike for its target rate on Thursday — the biggest increase since 1994 — signals that the central bank is increasingly committed to fighting inflation.
Daily Archives: June 16, 2022
Macro Briefing: 16 June 2022
* Chinese leader restates support for Russia on “sovereignty and security” matters
* Three European leaders visit Ukraine as US pledges $1 billion in new security aid
* Federal Reserve hikes interest rates 3/4 percentage point
* Business inflation expectations are relatively steady in June
* NY Fed Mfg Index reports second month of contraction in June
* US homebuilder sentiment falls to two-year low in June
* US retail sales fall in May, posting first monthly loss this year:
