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Weekly Commentary: Just the Facts - December 23, 2022

The S&P500 slipped 0.2% (down 19.3% y-t-d), while the Dow increased 0.9% (down 8.6%). Three-month Treasury bill rates ended the week at 4.1825% ....

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Weekly Commentary: Credit Downturn Acceleration

The FOMC statement and dot plot were viewed as somewhat more hawkish than expected. System credit growth has slowed - and the risk of a precipitous lending slowdown is rising. Read more. ....

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European power hits record as extreme heat, drought parch Europe

European power hits record as extreme heat, drought parch Europe
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UK lawmakers warn of 'disorderly' transition to net-zero goals

UK lawmakers warn of 'disorderly' transition to net-zero goals
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Putin upended the Fed's rate calculus

“Many participants” wanted to raise rates by a half percentage point. ....

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