The key questions for the Fed: if the long-anticipated slowdown in inflation is finally here, will it be enough to satisfy policymakers that they’ve done enough to durably subdue price pressures even if the labor market doesn’t further weaken? >>> china pumping + looking crude, commodity markets it is not the time to be complacent about inflation...
The fiscal-year-to-date federal deficit of $1.39 trillion has already surpassed last year’s full-year deficit of $1.375 trillion/Thread
U.S. Weighs Potential Deal With China on Fentanyl-WSJ
Beijing has demanded the U.S. lift restrictions on a police forensics institute said by Washington to have facilitated human-rights abuses
Total assets on Fed's balance sheet now decisively through low prior to banking stress in March; lowest since fall of 2021
Russian billionaire calls for ‘cowards’ in Moscow elite to oppose invasion
Oleg Tinkov says decision to lift UK sanctions against him may encourage other businessmen to speak out
So why did Musk rebrand twitter ? Thread below
Germany Readies €20 Billion in aid to bolster chip output..About 75% of the money is going to US’s Intel, Taiwan’s TSMC
Spotify has announced that it will raise prices for its 200 million ad-free subscribers for the first time in over 10 years
Israeli parliament passes key part of Netanyahu's divisive judicial overhaul plan. “We see the passage of part of the legal reform as unfortunate,” the Biden administration said of the move that has prompted mass protests
NATO Convoys can protect Ukraine’s grain harvest from Putin. A naval plan that worked against the Iranian enemy in the 1980s can succeed against the Russian enemy today
Chinese firm Catl to develop huge Bolivian lithium deposit
Markets :
Crude WTI 3months highs (China throwing kitchen sink to kick start the economy, China “property easing” + stimulus ) + crude shortages
Agricultural commodities on the rise again #DBA ETF chart below, rice, orange juice prices at ATH's, wheat etc
Equity markets : JPM's Kalanovic and Dubravko Thread/chart below, note MS's Mike Wilson has thrown in the towel on his bear call as well (humm), ''still all looks pretty rosy'', though for whatever reason or timing, should not be a surprise if we see a decent correction from around current levels #HSI could and should react positively if US/China news for real, pretty important as market well 'short China' overall #KWEB
FXLAND, if the chinese authorities are serious, they will continue to intervene in USDCNH near 7.20 area
Indian Ban on Non-Basmati White Rice Exports Stokes Panic Buying and Prices' Spike | FastReveal >>> reminder, if you are going to panic, panic early!
Michael Fritzell (Asian Century Stocks) on Twitter: "Things you don't read on Twitter https://t.co/99popNaxxo" / Twitter surely not Elon ! although ''Worth noting that Musk is branding many of his companies around the letter X. SpaceX, the new xAI and now X''
Germany Readies €20 Billion in Aid to Bolster Chip Production - Bloomberg this sounds like a desperate decision..
Terrible stuff, not just for Brits! Mind you as some leave desperately, others arrive to go to their hotels in other parts of the island..
Crazy levels of specs Archegos Probe Reveals Full Extent of CS Failure (finews.asia)
1st price increase in 10years (and they cutting staff)
IBM wants to build a 100,000-qubit quantum computer | MIT Technology Review IBM wants to build a 100,000-qubit quantum computer..The company wants to make large-scale quantum computers a reality within just 10 years
supply coming
@DBA - agricultural commodity index
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