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Macro and Prices

July 02, 2022
(Combining the weekend macro commentary and price action review in one note.  Check out the July monthly.) Three economic reports highlight the week ahead:  Japan's labor cash earnings at the start of the week and the US employment report and China's CPI at the end of the week. In addition, the Reserve Bank of Australia meets early on July…
Macro and Prices Macro and Prices Reviewed by Marc Chandler on July 02, 2022 Rating: 5
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July 2022 Monthly

July 01, 2022
The major central banks were slow to respond to price pressures as the economies emerged from the unprecedented depths of the Covid crisis. They have pivoted toward more aggressive rate hikes. The conversion at the Federal Reserve has been stark. In an unusual admission, Federal Reserve Chair Powell acknowledged that the high May CPI and the rise …
July 2022 Monthly July 2022 Monthly Reviewed by Marc Chandler on July 01, 2022 Rating: 5
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Recession Fears Mount

July 01, 2022
Overview:  Equities fell hard in the Asia Pacific region, with Taiwan’s 3.25% drop leading the move. Its manufacturing PMI fell below 50 for the first time since mid-2020. Europe’s Stoxx 600 is trying to stabilize after a weaker opening, while US futures are under modest pressure. The US 10-year Treasury yield slipped below 3.0% yesterday and is a…
Recession Fears Mount Recession Fears Mount Reviewed by Marc Chandler on July 01, 2022 Rating: 5
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