Yubi Daily Wrap

Macro Updates

Daily borrowing in federal funds rose to USD 120bn on 27 January, according to New York Fed data published Monday, up from USD 113bn in the previous session – an indication that Federal Reserve tightening is putting increasing pressure on liquidity in the banking system. That marked the highest level since at least 2016.

On India; the IMF said that it expects growth to moderate to 6.1% in 2023 from 6.8% in 2022.


January 31, 2023

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