⚡️🇺🇸☢️👆Fed's Loretta Mester:
(31.05.2023)
• Arguments in favor of raising the rate at the moment are stronger than in favor of holding it
• Rate decision could still be affected by NFP and next inflation report
• Debt ceiling agreement will remove much of the uncertainty
source: forexlive.com
(31.05.2023)
• Arguments in favor of raising the rate at the moment are stronger than in favor of holding it
• Rate decision could still be affected by NFP and next inflation report
• Debt ceiling agreement will remove much of the uncertainty
source: forexlive.com
☝️☢️🗣 - 🇺🇸Today, the House of Representatives will vote on the US National Debt at 20:30 Central European time.
🔊Steve Bannon: If McCarthy's bill fails to win 218 Republican votes and he has to rely on Democrats to pass it, then the G20 should relieve McCarthy of his position as Speaker
🔊Rep. Matt Goetz said on Tuesday that passing the debt deal without a Republican majority in the House would trigger Speaker Kevin McCarthy's "immediate" resignation proposal.
"If a majority of Republicans oppose the bill and you use Democrats to pass it, that would immediately be a black violation of the agreement we made with McCarthy to allow his ascension to the Speakership, and that would likely trigger an immediate plea for release," he said. Gaetz Newsmax.
🔊Steve Bannon: If McCarthy's bill fails to win 218 Republican votes and he has to rely on Democrats to pass it, then the G20 should relieve McCarthy of his position as Speaker
🔊Rep. Matt Goetz said on Tuesday that passing the debt deal without a Republican majority in the House would trigger Speaker Kevin McCarthy's "immediate" resignation proposal.
"If a majority of Republicans oppose the bill and you use Democrats to pass it, that would immediately be a black violation of the agreement we made with McCarthy to allow his ascension to the Speakership, and that would likely trigger an immediate plea for release," he said. Gaetz Newsmax.
⚡️☢️-🇨🇳The Chinese economy is facing with gloomy prospects amid a downturn in the manufacturing industry. Bloomberg
▪️ The PMI survey indicates a deeper contraction in the manufacturing industry.
▪️There are calls to increase the Central Bank's incentives to stimulate growth.
▪️ The PMI survey indicates a deeper contraction in the manufacturing industry.
▪️There are calls to increase the Central Bank's incentives to stimulate growth.
This media is not supported in your browser
VIEW IN TELEGRAM
🔊 Few seconds of humor, just to relax a bit.
Babies - world leaders. (this is not leaders in childhood :)🔥👍
Babies - world leaders. (this is not leaders in childhood :)🔥👍
⚡️🇺🇸☢️🗣🏦🇺🇸 The bill to raise the US national debt ceiling was passed by a large part of the congressmen of the House of Representatives .
Now the bill will be sent to the US Senate, which must pass it and submit the document for signature to US President Joe Biden no later than June 5, when the authorities are expected to run out of funds to service the public debt
Now the bill will be sent to the US Senate, which must pass it and submit the document for signature to US President Joe Biden no later than June 5, when the authorities are expected to run out of funds to service the public debt
Bloomberg.com
Debt-Limit Deal Wins House Passage, Easing US Default Concerns
The House passed debt-limit legislation forged by President Joe Biden and Speaker Kevin McCarthy that would impose restraints on government spending through the 2024 election and avert a destabilizing US default.
🏦🇺🇸 US economic activity appears to have slowed down in recent weeks, a Fed report released on Wednesday showed that job growth and inflation have slowed and the immediate business outlook looks slightly worse than before.
"Expectations about future growth have slightly worsened, although the interlocutors still generally expected further expansion of activity," says the latest collection of surveys and interviews "Beige Book" conducted in 12 districts of the US Central Bank until May 22.
"Expectations about future growth have slightly worsened, although the interlocutors still generally expected further expansion of activity," says the latest collection of surveys and interviews "Beige Book" conducted in 12 districts of the US Central Bank until May 22.
⚡️☢️-🇺🇸 SENATE REPUBLICAN LEADER MCCONNELL: I EXPECT THE DEBT CEILING BILL TO PASS THE HOUSE OF REPRESENTATIVES AND GO TO THE SENATE THURSDAY.
✔️Biden is also sure that everything will go well and he will sign by the 5th.
✔️By the way, the CDS on the US government debt collapsed, so the market no longer believes in default. Investors switch attention to coming Fed meeting.🔥
✔️Biden is also sure that everything will go well and he will sign by the 5th.
✔️By the way, the CDS on the US government debt collapsed, so the market no longer believes in default. Investors switch attention to coming Fed meeting.🔥
👑🗓📈 Pimco: gold is now overpriced
👌 But in the long term (25 years), the precious metal is more than okay. This is due to the notorious de-dollarization, but, of course, this taboo word is not pronounced at Pimco. They say "diversifying the assets of the world's largest central banks."
📝Right now, Pimco advises to shift from gold to inflation-linked government bonds , that is, to the so-called TIPs. The company's experts believe that due to "sticky" inflation, the Fed will not be able to move to a cycle of stable monetary policy easing for a long time.
♻️Also, Pimco introduced the concept of “greenflation”, that is, “green” inflation . The entire Western world is now trying to switch (or at least pretends to be) to renewable energy sources, regardless of the costs. This becomes an additional significant factor in price growth.
👌 But in the long term (25 years), the precious metal is more than okay. This is due to the notorious de-dollarization, but, of course, this taboo word is not pronounced at Pimco. They say "diversifying the assets of the world's largest central banks."
📝Right now, Pimco advises to shift from gold to inflation-linked government bonds , that is, to the so-called TIPs. The company's experts believe that due to "sticky" inflation, the Fed will not be able to move to a cycle of stable monetary policy easing for a long time.
♻️Also, Pimco introduced the concept of “greenflation”, that is, “green” inflation . The entire Western world is now trying to switch (or at least pretends to be) to renewable energy sources, regardless of the costs. This becomes an additional significant factor in price growth.
🏦🇪🇺ECB's Lagarde sees no clear signs that core inflation has peaked, promising further increases in borrowing costs.
▪️According to her, there is still work to be done on the issue of interest rates.
▪️The remarks followed data indicating that inflation in the eurozone fell in May
▪️According to her, there is still work to be done on the issue of interest rates.
▪️The remarks followed data indicating that inflation in the eurozone fell in May
⚡️-🔥👆In Sudan, the army bombed the central bank's printing press to prevent the government from printing money.
This is what I mean by radical measures to combat inflation. 👍😁
This is what I mean by radical measures to combat inflation. 👍
Please open Telegram to view this post
VIEW IN TELEGRAM
⚡️🇺🇸☢️🗣Change in US nonfarm payrolls
🧮Factual 339,000 (expectations 190,000, previous figure 294,000)
✍️ The US economy unexpectedly added 339K jobs in May 2023 , well above market forecasts of 190K, and after an upward revision of 294K in April.
👥 Job gains occurred in professional and business services, government, healthcare, construction, transportation and warehousing , and social assistance.
🧮Factual 339,000 (expectations 190,000, previous figure 294,000)
✍️ The US economy unexpectedly added 339K jobs in May 2023 , well above market forecasts of 190K, and after an upward revision of 294K in April.
👥 Job gains occurred in professional and business services, government, healthcare, construction, transportation and warehousing , and social assistance.
🇺🇸-🗣👆The interesting thing is that QT has finally started to work against inflation. There has been a more active reduction in deposits, as you can see, for the first time in the last 1.5 years.
The most liquid bank accounts are decreasing, which means (if we believe that the Fisher formula works), either prices should creep down, or output volume, that is, if the price grows slower than demand falls, then GDP falls. As you can see, prices are not in a hurry to decline.
Apparently, we are really moving towards a recession.
The most liquid bank accounts are decreasing, which means (if we believe that the Fisher formula works), either prices should creep down, or output volume, that is, if the price grows slower than demand falls, then GDP falls. As you can see, prices are not in a hurry to decline.
Apparently, we are really moving towards a recession.
⚡️🇺🇸☢️🗣Fed's Patrick Harker :
I'm the type who thinks we can skip the June rate hike. This will not be a pause - we are not ready for it yet.
(31.05.2023) source: forexlive.com
Fed's Philip Jefferson :
Monetary policy works with a time lag, so skipping the rate hike in June will allow us to see more data.
(31.05.2023) source: forexlive.com
I'm the type who thinks we can skip the June rate hike. This will not be a pause - we are not ready for it yet.
(31.05.2023) source: forexlive.com
Fed's Philip Jefferson :
Monetary policy works with a time lag, so skipping the rate hike in June will allow us to see more data.
(31.05.2023) source: forexlive.com
⚡️🇺🇸☢️🗣Inflation has turned out to be more resilient than the FOMC expected when they released their latest forecast in March.
The rate should be high for longer than expected, which increases the likelihood of a hard landing and recession.
In other words, "sticky" inflation requires more destruction of demand, which increases the risk of lower corporate earnings.
The rate should be high for longer than expected, which increases the likelihood of a hard landing and recession.
In other words, "sticky" inflation requires more destruction of demand, which increases the risk of lower corporate earnings.
⚡️🇺🇸☢️🔥Well, since Monday the vacuum liquidity cleaner turns on ?
As early as Monday, the US Treasury is going to throw $170 billion worth of bonds on the market.
It is extremely interesting how this will affect the markets and whether it will affect at all. And then rumors and speculation through the roof.🤓
As early as Monday, the US Treasury is going to throw $170 billion worth of bonds on the market.
It is extremely interesting how this will affect the markets and whether it will affect at all. And then rumors and speculation through the roof.
Please open Telegram to view this post
VIEW IN TELEGRAM
⚡️☢️🇸🇦🛢🔊 OPEC + meeting is started.
Saudi Energy Minister Prince Abdulaziz bin Salman told reporters that the OPEC+ countries plan to discuss many topics and called the upcoming talks exciting.
“You have no idea what we are discussing” — Saudi Energy Minister tried to intrigue the market and journalists before the OPEC+ meeting.
Bindings of Gold to Barrel?🤓
Why do we need green and other paper? Gold to pay for Oil and Gas 🔥🛢
They are mouse clicking Trillions are not backed by anything and the whole world should work hard? Who here rob the whole world? Do you remember this Economist cover, by the way? 👆
Saudi Energy Minister Prince Abdulaziz bin Salman told reporters that the OPEC+ countries plan to discuss many topics and called the upcoming talks exciting.
“You have no idea what we are discussing” — Saudi Energy Minister tried to intrigue the market and journalists before the OPEC+ meeting.
Bindings of Gold to Barrel?
Why do we need green and other paper? Gold to pay for Oil and Gas 🔥🛢
They are mouse clicking Trillions are not backed by anything and the whole world should work hard? Who here rob the whole world? Do you remember this Economist cover, by the way? 👆
Please open Telegram to view this post
VIEW IN TELEGRAM
🔥🇨🇳⚔️🇺🇸 Chinese Defense Minister Li Shangfu, speaking in Singapore, attacked the US strategy in the Indo-Pacific region, saying that Washington is seeking to stoke confrontation by supporting Taiwan, deploying military forces and creating alliances in the region.
⚡️🇺🇸☢️🇨🇳Chinese Warship Nearly Collides With US Destroyer In Taiwan Strait. ZeroHedge
ZeroHedge
Chinese Warship Nearly Collides With US Destroyer In Taiwan Strait
Beijing defends dangerous maneuver while condemning US attempt to "exercise hegemony of navigation."
This media is not supported in your browser
VIEW IN TELEGRAM
☝️☢️🗣 - 🇺🇸🏦📈Large banks may face 20% increase in capital requirements - WSJ
▪️ U.S. regulators are preparing to force the big banks to strengthen their financial footing. This, they say, will help increase the resilience of the system after a string of mid-sized bank failures this year.
Is this the way how US Treasury decides to resolve the problem of demand for new US debt issues?🤓
▪️ U.S. regulators are preparing to force the big banks to strengthen their financial footing. This, they say, will help increase the resilience of the system after a string of mid-sized bank failures this year.
Is this the way how US Treasury decides to resolve the problem of demand for new US debt issues?
Please open Telegram to view this post
VIEW IN TELEGRAM