What I Am Reading
Thursday, July 28, 2022
Markets
- Dow rallies 400 points as Powell hints Fed could slow pace of rate hikes, Nasdaq jumps 4%CNBC
- OPEC+ Walks a Fine Line on Oil Output: Elements by Julian LeeBloomberg
- Nasdaq has biggest one-day jump since 2020 after Fed rate hike, Powell commentsReuters
- Powell says markets have been orderly as Fed has hiked ratesReuters
Energy
- Energy Prices in Europe Surge After Russia Slashes Gas FlowsWall Street Journal
Central banks
- Fed decision July 2022: Fed hikes interest rates by 0.75 percentage pointCNBC
- Fed raise rates again, says will not relent in inflation fightReuters
- Fed's Powell: Another 'unusually large' rate increase may be warranted at next meetingReuters
- Dudley Says Fed Will Hike Interest Rates Much Further Than What Markets ExpectBloomberg
- Widely Watched Yield Curve at Most Inverted in Decades After FedBloomberg
- Fed Chair Jerome Powell said he does not think the U.S. is currently in a recessionCNBC
US I
- U.S. economy probably barely grew last quarter and may have contractedCNBC
- What Is Stagflation? What to Know About the Combination of High Inflation and Stagnating Economic GrowthWall Street Journal
- How U.S. Inflation Expectations Are Being Shaped by Consumer ChoicesNew York Times
- Cost of living crisis? Consumers keep spending for nowReuters
US II
- US Budget Deficit to Hit Lowest Since 2018 This Year, CBO SaysBloomberg
- CBO Expects Significant Rise in Public Debt Burden, DeficitWall Street Journal
- Midterm Elections 2022: The Political Guessing Game Just Got WeirderBloomberg
- Boise’s Housing Market Boomed Early in the Pandemic. Now It Is Cooling Fast.Wall Street Journal
China
- China’s Wuhan Province Locks Down District With One Million PeopleWall Street Journal
Geopolitics & trade
- Russia cuts gas flows further as Europe urges energy savingReuters
- U.S., Europe Dig In for Long Economic Standoff With RussiaWall Street Journal
- Ukraine Strikes Crucial Bridge in Russian-Occupied SouthWall Street Journal
- Biden to Speak With Chinese President Xi on ThursdayWall Street Journal
- Semiconductor Subsidies, Tariffs Are the Price of Reducing Dependence on ChinaWall Street Journal
Industries & companies
- Hotels:Everybody Into the Hotel Pool! That’ll Be $200.Wall Street Journal
- Retail:Walmart Discounts, Falling Gas Prices Could Help ConsumersBloomberg
- Retail:Best Buy cuts sales forecast as inflation pressures shoppersCNBC
Corporate finance
- Spirit and Frontier End Merger AgreementWall Street Journal