* Fed’s Powell said the central bank is expected to raise rates again but more slowly
* US Government revision security issues related to Chinese cloud computing companies
* TikTok offers opportunities – and headache – for companies
* Head of the Senate urge Congress to Accelerate AI Regulatory Efforts
* Turkey predicted for a sharp rise in interest rates fight against inflation
* Short bets on US stocks mounted to $1 trillion, most in over a year
* FedEx Economic Indicator reports disappointing income
* High Value Funds suffer release records in May:
This year’s rally in emerging market bonds continued on Wednesday, taking VanEck Vectors JP Morgan EM Local Currency Bond ETF (EMLC) to a 16-month high. “Much has changed since a year ago when we preferred to shift credit risk from fixed income to the US due to its relative economic strength and dollar dominance,” writes Steven Oh. , global head of credit and fixed income at PineBridge, in a recent report. . “Now, in the second half of 2023, it’s essentially the reverse, with a continued move towards a more holistic portfolio approach, including a renewed focus on emerging markets.”
