Macro Updates
Treasury Secretary Janet Yellen said the department doesn’t prioritize some bills over others, and that any non-payment of obligations is a default that would “undoubtedly” trigger a recession.
European Central Bank Governing Council Member Klaas Knot said that the ECB should continue with half-point interest-rate increases at the next two meetings and the time to slow the pace of hikes is “still far away”.
January 23, 2023