Morning Brief: China Vows More Pro-Growth Policies, U.K. Inflation Explodes
Americas
Economic Indicators and Prospects
Fed Paper Finds Elevated Probability Of Recession – WSJ https://t.co/TqsuqjStuy
— LiveSquawk (@LiveSquawk) June 22, 2022
Housing
Monetary Policy
Tom Barkin @RichmondFed declined to say whether he supports a 75 basis point interest rate hike in July but didn't have a problem with Fed Chair Powell's guidance of 50 or 75 basis points at that meeting. https://t.co/8IcF0Y5THL via @ctorresreporter @catarinasaraiva @economics
— Steve Matthews (@SteveMatthews12) June 22, 2022
Fiscal Policy
Trade, Supply Chain and Geopolitics
One Price Dodging Inflation: China-To-US Shipping Rates – WSJ https://t.co/3mn5gBt7C4
— LiveSquawk (@LiveSquawk) June 22, 2022
Asia
Covid-19
Monetary Policy
Minutes of the Monetary Policy Meeting on April 27 and 28, 2022 https://t.co/55VLw6g0jn
— Bank of Japan (@Bank_of_Japan_e) June 21, 2022
Fiscal Policy
Trade, Supply Chain and Geopolitics
India is expected to resist Chinese efforts at the BRICS summit to build an alternative to the US-led global order, officials say https://t.co/sd8XUBEbzO
— Bloomberg (@business) June 22, 2022
Europe
Economic Indicators and Prospects
The Consumer Prices Index including owner occupiers’ housing costs grew 7.9% in the year to May 2022, up from 7.8% in the year to April https://t.co/xSN9anxUkm
— Office for National Statistics (ONS) (@ONS) June 22, 2022
UK business groups warn more price rises are coming for consumers after factory gate inflation hit its highest level since 1977 https://t.co/CV51aqiIEm
— Bloomberg Economics (@economics) June 22, 2022
The UK will be stuck with searing inflation for years because of Brexit, according to strategists at Wall Street’s top banks https://t.co/Pb6mejxvPm via @markets @greg_ritchie @_DavidGoodman
— Alexander Weber (@weberalexander) June 22, 2022
Fiscal Policy
German Finance Ministry Expects Interest Burden To Nearly Double In 2023 – RTRS https://t.co/DbwtIsOHPU
— LiveSquawk (@LiveSquawk) June 21, 2022
Energy
Trade, Supply Chain and Geopolitics
(Bloomberg) — The largest party in Italian Prime Minister Mario Draghi’s governing coalition split on Tuesday after Foreign Minister Luigi Di Maio quit the group over its refusal to back military support for Ukraine…https://t.co/MXAmHlaJX5
— Amelia Smith (@aa816smith) June 22, 2022
New: 65% of Europeans now see EU membership as a "good thing" according to latest @EurobarometerEU
— Jennifer Rankin (@JenniferMerode) June 22, 2022
According to EP that's the highest level since spring 2007, pre-financial crisis. pic.twitter.com/TwpCOnt7hG