Weekly Review, March 13, 2023
News and economic highlights from last week":
Powell highlighted that strong economic data means peak interest rates may be higher than previously anticipated.
Past recessions have started in one sector then spread to others. SIVB collapse showing the tech slowdown is starting to bleed into the banking sector. A sign?
The “year of efficiency” continues with another round of layoffs expected at Meta.
Putin's show of force using Russian hypersonic missiles create renewed fears of prolonged war and further rattles shaky markets.
Hotter than expected employment report gives the Fed cover to keep raising rates