Greetings,
The United States: The FOMC raised its inflation forecasts for both the current year and 2024.
The market is now well below the FOMC’s rate projections.
The United Kingdom: The CPI report surprised to the upside.
Japan: Japanese banks have significantly outperformed since the yield curve control (YCC) band widened in December 2022.
Equities: Bank shares tumbled after Treasury Secretary Yellen’s comments on deposit guarantees.
Credit: European financials’ CDS spreads are tightening.
Energy: Gasoline futures jumped as inventories tumbled.
Food for Thought: Lastly, here is US production of high-tech equipment:
Edited by William Villacis
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