Recession talk has spread like Covid recently, but next month’s initial estimate of US economic activity for the second quarter remains on track to post a robust rebound after Q1’s loss, based on a set of nowcasts.
Daily Archives: June 9, 2022
Macro Briefing: 9 June 2022
* US and allies looking for ways to limit further surges in global oil prices
* Inflation is an increasingly challenging subject for the White House
* China’s appetite for key commodities remained subdued in May
* ECB expected to confirm intent to raise interest rates next month
* China appears intent on maintaining a permanent zero-Covid policy
* Battery shortage is constraining US switch to wind and solar power
* “Dangerous and deadly heat wave” on the way for the US Southwest
* US mortgage application activity falls to 22-year low for week through June 3:
