Market Pulse - Usa
Bullard says Fed must keep pressure on inflation till 2 per cent target clearly in sight
One of the US Federal Open Market Committe's most hawkish members made the case for interest rates to remain "elevated" throughout 2023 and into 2024.
Fed's Williams says 'more work left to do', but sees inflation slowing
A top US central bank official predicted that inflation would recede over the course of 2023, but said the Federal Reserve would still have its work cut out for it as price growth might not yet be headed towards its 2% target.
BlockFi files for bankruptcy
Cryptocurrency lender and financial services firm BlockFi has filed for bankruptcy, becoming the latest company in the industry to go under following the implosion of embattled exchange FTX.
Chinese turmoil could lead to 6m unit shortfall in iPhone Pro production
Unrest at tech giant Apple's primary manufacturing hub in Zhengzhou will likely result in a production shortfall of almost 6. 0m iPhone Pro units this year.
US open: Stocks trade lower amid Chinese unrest
Wall Street stocks were in the red early on Monday amid social unrest in China stemming from the nation's ongoing Covid-19 restrictions.
US pre-open: Futures trade lower following Chinese demonstrations
Wall Street futures were in the red ahead of the bell on Monday amid social unrest in China stemming from the nation's ongoing Covid-19 restrictions.