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
Weekly Update
