Daily Weekly Wrap

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

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