Our Economy and the World Issue 318

14-05-2023

This week’s issue of includes:

Key Global and Regional Developments over the Past Week

  • Bloomberg: ECB is near the end of its interest-rate hiking, stournaras says
  • Bloomberg: Biden, McCarthy vow more debt-limit talks as US default looms
  • BBC: Janet Yellen warns of debt ceiling ‘catastrophe’
  • CNBC: Fed’s John Williams says rates could be increased if inflation doesn’t come down
  • Bloomberg: US trade chief to meet China Minister in sign of warmer ties

Special Analysis 

  • World Bank: World Bank response to rising food insecurity

Developments in Financial and Commodity Markets in the Past Week

  • CNBC: Dow jumps more than 100 points as traders cheer better-than-expected inflation data
  • Reuters: Oil drops 1% after US data points to further rate hikes