Morning Bid: Fed hawks re-emerge, dollar pumped


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A look at the day ahead in U.S. and global markets from Mike Dolan Amid all the hand-wringing over the debt ceiling row and background banking anxiety, the U.S. economy is holding up well enough to embolden Federal Reserve hawks once again. Assumptions about first-quarter and full-year S&P500 aggregate earnings contractions are being revised away alongside euro zone and British recession forecasts, AI and chip-led investment is picking up steam and 'soft landing' hopes for the economy have been rekindled. In some of the most timely updates on activity, early May business surveys from Europe and Japan continue to show...