Financial Markets Daily Commentary
KBC Sunrise Market Commentary 23/05/2023 via Trader Talent
Tuesday, 23 May 2023 Please click here to read the PDF version Markets • The Fed’s two biggest hawks yesterday coloured trading which until then turned out to be non-directional. Kashkari from the Minneapolis Fed said it’s a close call between a pause and a hike in June, adding that the former wouldn’t mean tightening is over per se. St. Louis Fed president Bullard called US recession worries overstated and expects some 50 bps more rate hikes sooner rather than later this year. SF’s Daly and Atlanta’s Bostic argued for caution but their comments were largely dismissed. US yields went …