Month: April 2023

• The US will enter a technical recession by the third quarter, according to BofA’s Brian Moynihan.
• “It’s a very slight recession in the scheme of things. I don’t think you’ll see a deep recession.”
• Moynihan said Bank of America expects the Fed to begin cutting rates in the second quarter of 2024.

• McCarthy rejected an invitation from Zelenskyy to visit Kyiv. 
• Zelenskyy invited McCarthy to show him how US aid is being put to use in the war against Russia.
• “I don’t have to go to Ukraine or Kyiv to see it,” McCarthy said.

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• Russia will emerge from war in Ukraine a “shattered military power,” a senior Pentagon official said.
• Colin Kahl told lawmakers that Russia lost the war — echoing a similar remark by the top US general. 
• He added that US military support for Kyiv has been, and will continue to be, flexible and dynamic.

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