Morning Brief: My View on Fed Policy, Traders Bet ECB Rate Liftoff in July
Americas
Economic Indicators and Prospects
Q1 GDP Forecasts: Around 1% https://t.co/WfOEbdUJ58
— Bill McBride (@calculatedrisk) April 22, 2022
Housing
Final Look at Local Housing Markets in March and Housing Inventory Milestones to Watch https://t.co/shcAooo3jZ
— Bill McBride (@calculatedrisk) April 21, 2022
A long one. Most content is free and ad free! pic.twitter.com/R8IwyBcyLu
Monetary Policy
🇺🇸 Powell Hardens Hawkish Pivot Toward Half-Point #Fed Rate Hikes – Bloomberghttps://t.co/KufEjTJYxo
— Christophe Barraud🛢🐳 (@C_Barraud) April 22, 2022
🇺🇸 #Fed (3) | Given that the labor market also looks tighter than indicated by the U.R., the Fed can easily justify a tightening move. https://t.co/fNukyJV8pH
— Christophe Barraud🛢🐳 (@C_Barraud) April 22, 2022
🇺🇸 #Fed (5) | As I repeated several times, Biden advisors and economists have never been able to understand inflation dynamic, completely missing the spike of rents and its impact on inflation, the consequence of Covid-19 and ongoing supply chain disruptions.
— Christophe Barraud🛢🐳 (@C_Barraud) April 22, 2022
Fiscal Policy
Democrats Urge Final Push On Stalled Agenda To Limit Possible Midterm Losses – WSJ https://t.co/nd9gH2wU9q
— LiveSquawk (@LiveSquawk) April 22, 2022
Trade, Supply Chain and Geopolitics
🇪🇺 🇷🇺 🇺🇸 Janet Yellen calls for EU caution on Russian energy ban – FThttps://t.co/qswnU9tbe9
— Christophe Barraud🛢🐳 (@C_Barraud) April 22, 2022
Asia
Covid-19
🇨🇳 Many factory workers in #Shanghai can’t get back to work, even after Covid controls ease – CNBChttps://t.co/sUlFRvKS8U
— Christophe Barraud🛢🐳 (@C_Barraud) April 22, 2022
🇨🇳 Containers Pile Up in Shanghai Port on #China's Covid Lockdowns – Bloomberghttps://t.co/dtjpj0NIRc
— Christophe Barraud🛢🐳 (@C_Barraud) April 22, 2022
Markets
🇨🇳 #CHINA STATE COUNCIL FINANCIAL COMMITTEE HELD MEETING FRI.: CSRC – BBG
— Christophe Barraud🛢🐳 (@C_Barraud) April 22, 2022
*CHINA CSRC VOWS TO ENSURE STABLE, HEALTHY OPS OF CAPITAL MARKET
🇨🇳 #China Urges Big Investors to Buy #Stocks After Market Tumbles – Bloomberghttps://t.co/xfjoq1s2Wa
— Christophe Barraud🛢🐳 (@C_Barraud) April 22, 2022
Economic Indicators and Pospects
🇯🇵 #Japan's April factory activity grows at slower rate – flash PMI – Reutershttps://t.co/zz4HCuzAm7
— Christophe Barraud🛢🐳 (@C_Barraud) April 22, 2022
Monetary Policy
JUST IN:
— CN Wire (@Sino_Market) April 22, 2022
PBOC slashes the $CNY Central Parity Rate by 498 pips to 6.4596 against USD, the biggest drop since March 9, 2021, to the weakest since October 13, 2021.#China $CNY pic.twitter.com/8GUwC7TQqy
🇨🇳 #China Central Bank Ready to Provide More Support to Business – Bloomberghttps://t.co/OmuXJ5hUMQ
— Christophe Barraud🛢🐳 (@C_Barraud) April 22, 2022
Trade, Supply Chain and Geopolitics
‘External forces’ meddling in South China Sea, Chinese official says https://t.co/UnJJN6j9RM
— South China Morning Post (@SCMPNews) April 22, 2022
Europe
Economic Indicators and Prospects
🇪🇺 #Eurozone #Inflation | Markit: "…resulting in the largest rise in prices charged for goods and services yet recorded by the survey, the rate of increase accelerating markedly from the prior all-time high seen in March"https://t.co/yN3kpcjv4z
— Christophe Barraud🛢🐳 (@C_Barraud) April 22, 2022
France, Germany are united on inflation worry as growth trends diverge https://t.co/JDViuHVFxw pic.twitter.com/GhNiTVo8TK
— Zoe Schneeweiss (@ZSchneeweiss) April 22, 2022
Bundesbank warns Russian gas embargo would cost Germany €180bn https://t.co/t7J0fllSap
— Fed Up Cassandra (@Frances_Coppola) April 22, 2022
Monetary Policy
Energy
Spain presses the EU on lower gas price cap to ease the power crunch https://t.co/ILxrDnFtDx via @alonsosotoj pic.twitter.com/oyi9rw3Muj
— Zoe Schneeweiss (@ZSchneeweiss) April 22, 2022
Politics
Could Marine Le Pen be the next leader of France? Ahead of this weekend’s election, she’s way too close for comfort https://t.co/PiTTZxClhE via @bopinion pic.twitter.com/f6Wkx1x2kv
— Zoe Schneeweiss (@ZSchneeweiss) April 22, 2022
Trade, Supply Chain and Geopolitics
🇷🇺 🇺🇦 #RUSSIA'S PUTIN TELLS EU'S MICHEL THAT POSSIBILITY OF TALKS WITH ZELENSKIY DEPENDS ON CONCRETE RESULTS OF TALKS BETWEEN MOSCOW AND KYIV – TASS CITES KREMLIN – RTRS
— Christophe Barraud🛢🐳 (@C_Barraud) April 22, 2022
Other Areas And Global Economy
⚠ #WeekAhead: Week 16 (2022) ⚠
— Christophe Barraud🛢🐳 (@C_Barraud) April 18, 2022
🌎 #IMF/World Bank Meeting
🇫🇷 French Debate and Elections
🇺🇸 🇪🇺 Powell and Lagarde Speeches
🇺🇸 Beige Book
…https://t.co/y8cADwGDqQ
🌎 #BOC #BOE #BOJ #ECB #FED | #G7 CBs combined balance sheet (BS), converted in USD should decline faster from May. pic.twitter.com/GRT3PRFj7k
— Christophe Barraud🛢🐳 (@C_Barraud) April 22, 2022