Powell Seen Slowing Rate Hikes After May and June Front-Loading

(Bloomberg) — Federal Reserve Chair Jerome Powell is likely to slow the pace of interest-rate increases after front-loading policy with half-point hikes next week and in June, economists surveyed by Bloomberg say.Most Read from BloombergElon Musk Offloads $4 Billion of Tesla Shares, Pledges No More SalesPutin Is Losing So Here’s How He’ll Make the War WorseUkraine Latest: Germany Says Won’t Block a Russian Oil EmbargoFour European Gas Buyers Made Ruble Payments to RussiaUkraine’s Forces Get Boo
— Read on ca.finance.yahoo.com/news/powell-seen-slowing-rate-hikes-090000039.html

China’s Politburo Ignites Market Rally With Vows on Growth

(Bloomberg) — China’s top leaders promised to boost stimulus and contain the country’s worst Covid outbreak since 2020, issuing a sweeping set of pledges that was light on details but enough to spark steep gains in stocks and the yuan.Most Read from BloombergElon Musk Offloads $4 Billion of Tesla Shares, Pledges No More SalesPutin Is Losing So Here’s How He’ll Make the War WorseUkraine Latest: Germany Says Won’t Block a Russian Oil EmbargoFour European Gas Buyers Made Ruble Payments to RussiaUk
— Read on ca.finance.yahoo.com/news/china-politburo-pledges-more-stimulus-051513733.html

Euro-Area Inflation Hits Record, Raising Pressure on ECB

(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Most Read from BloombergElon Musk Offloads $4 Billion of Tesla Shares, Pledges No More SalesPutin Is Losing So Here’s How He’ll Make the War WorseUkraine Latest: Germany Says Won’t Block a Russian Oil EmbargoFour European Gas Buyers Made Ruble Payments to RussiaUkraine’s Forces Get Boost From Arsenal of Old-Fashioned ArtilleryEuro-area inflation climbed to a fresh all-time high, raising
— Read on ca.finance.yahoo.com/news/euro-area-inflation-edges-record-090000840.html

Market volatility, balance sheet surprises raise risk of bumpy Fed pivot

The Federal Reserve is expected to approve plans next week to reduce a nearly $9 trillion balance sheet that ballooned as part of its efforts to fight the pandemic recession, in a process U.S. central bank officials expect to run without a hitch. The past week may point to a bumpier ride ahead, with analysts noting an unexpected, nearly $500 billion shift in the Fed’s balance sheet driven by factors beyond its control and volatility in stock and bond markets as signs the central bank’s pivot to tighter monetary policy may not run so smoothly. Yields on the government bonds most sensitive to expectations for how the Fed may cull its balance sheet have swung wildly in the past week, and measures of fixed-income market volatility are near their highest since the onset two years ago of the coronavirus pandemic, which set the central bank on its bond-buying spree in the first place.
— Read on ca.finance.yahoo.com/news/market-volatility-balance-sheet-surprises-102148563.html