Economic Indicators and Prospects
BofA: Our calculation suggests that inflation-adjusted (real) total card spending has slipped into the negative territory for all three income groups in May pic.twitter.com/FHmi43nJL6
— Mike Zaccardi, CFA, CMT (@MikeZaccardi) June 22, 2022
Housing
MBA: Mortgage Applications Increase in Latest Weekly Survey https://t.co/WbhkzDOcPX pic.twitter.com/rn8WZ40PJ5
— Bill McBride (@calculatedrisk) June 22, 2022
Monetary Policy
Fed Chair Powell will face another grilling in Congress on Thursdayhttps://t.co/r2M6Azs4aX
— ForexLive (@ForexLive) June 23, 2022
Fed's Evans: 75 bps in July would be in line with continued inflation concernshttps://t.co/uy63fDm8kS
— ForexLive (@ForexLive) June 22, 2022
Politics
Trade, Supply Chain and Geopolitics
USTR Tai: China Tariffs Are a Significant Piece of Leverage, Trade Negotiators Never Walk Away from Leverage. We Need New Trade Tools to Deal with China's Trade Behavior.#US #China #Tariffs
— CN Wire (@Sino_Market) June 22, 2022
Covid-19
Macau will shut most venues including bars, nightclubs, cinemas, gyms and hair salons, as well as banning dining-in services at restaurants, as the world’s largest gambling hub struggles to contain its worst ever Covid-19 outbreak https://t.co/QZXPUc4bkZ
— Bloomberg Asia (@BloombergAsia) June 23, 2022
Economic Indicators and Prospects
Goldman Sachs on why inflation in China is lowhttps://t.co/U3GWYWUWti
— ForexLive (@ForexLive) June 23, 2022
Housing
#CountryGarden drops 2.86% on Thursday after being downgraded to JUNK by Moody's.
— CN Wire (@Sino_Market) June 23, 2022
Country Garden says ~$411m of its 4.75% 2022 senior notes will be accepted as they have been validly tendered, according to a filing to HKEX.#China #realestate #property https://t.co/I7OcAKURAB pic.twitter.com/dcsM0bEL62
Monetary Policy
India’s monetary policy makers will likely raise interest rates two more times before they even consider taking a breather toward the end of the year https://t.co/IZcD4Jcqw5
— Bloomberg Asia (@BloombergAsia) June 23, 2022
Japan former FX interventionist says current weak yen is detrimental to Japan's economyhttps://t.co/JsEG9wOUNi
— ForexLive (@ForexLive) June 23, 2022
Fiscal Policy
Credit Suisse say China's fiscal stimulus will have a big impact on the global economyhttps://t.co/6Y9pxgUDNd
— ForexLive (@ForexLive) June 23, 2022
Economic Indicators and Prospects
Monetary Policy
Poll: ECB To Raise Deposit Rate To 0.75% By Year-End – RTRS https://t.co/hPpIaCbEOL
— LiveSquawk (@LiveSquawk) June 23, 2022
Turkish inflation may soon hit 80%. The central bank is watching https://t.co/06gRr58Jix
— Bloomberg Asia (@BloombergAsia) June 23, 2022
Fiscal Policy
The UK government borrowed more than forecast in May, highlighting risks to the public finances as the cost of living crisis threatens to push the economy into recession https://t.co/7pLxadzts3
— Bloomberg Asia (@BloombergAsia) June 23, 2022
Public sector net borrowing excluding public sector banks was £14.0 billion in May 2022, the third-highest May borrowing since monthly records began in 1993.
— Office for National Statistics (ONS) (@ONS) June 23, 2022
This was £4.0 billion down on May 2021 but £8.5 billion up on May 2019, before #COVID19 https://t.co/59hUfl8kLE pic.twitter.com/dVTWxtPgEm
Energy
German economy minister says that cannot rule out gas rationinghttps://t.co/NqvEhER5qc
— ForexLive (@ForexLive) June 23, 2022
Trade, Supply Chain and Geopolitics