US
The labor market is showing signs of resilience, but now the focus shifts back to inflation, with focus on the banking space. The banking system doesn't look ‘sound and resilient’ as more banks come under stress. US regulators will eventually be forced to act as the banking crisis worsens and that could mean the further unwinding of more banks.
The April inflation report is expected to show that the disinflation process is starting to lose momentum.
05-05-2023 11:34 GMT
by Craig Erlam
