Global stocks fell again. Richmond Federal Reserve president Thomas Barkin was among the latest officials to acknowledge that the US economy is slowing but warned on continuing rate to ensure inflation doesn't get entrenched. The Baltic Exchange's main sea freight index, which measures the cost of shipping goods worldwide, fell about 1.8% to 592 points on Thursday, its lowest since June 2020.
Domestic stocks retreat with low liquidity. Seafood exports are estimated at 600 million USD in January 2023, down 31% over the same period, expected to recover from the second quarter. Many banks simultaneously lowered deposit interest rates.
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