The Federal Reserve paused rate hikes at last week’s policy meeting, but Fed Chairman Jerome Powell told the House Financial Services Committee on Wednesday that more increases were likely.
Daily Archives: June 22, 2023
Macro Briefing: 22 June 2023
* Fed’s Powell says central bank likely to raise rates further but more slowly
* US govt reviewing security concerns linked to China’s cloud computing firms
* TikTok offers an opportunities — and headaches — for companies
* Senate leader urges Congress to accelerate AI regulatory efforts
* Turkey set for steep interest-rate hike to battle inflation
* Short bets on US stocks rises to $1 Trillion, most in over a year
* Economic bellwether FedEx reports disappointing earnings
* Large value funds suffer record outflows in May:
