A broad measure of commodities sidestepped the widespread losses found elsewhere for most of the major asset classes during the trading week through Friday, Aug. 26, based on a set of ETFs.
Daily Archives: August 29, 2022
Macro Briefing: 29 August 2022
* Federal Reserve Chairman Powell says fighting inflation will bring ‘some pain’
* US gross domestic income suggests an economic stall vs. GDP recession
* Sen. Warren “very worried” that Fed rate hikes will “tip economy into recession”
* EU faces five to 10 terrible winters without cap on gas prices, says minister
* Economists cut growth outlook for China economy for full-year 2022 results
* US dollar reaches 20-year high amid expectations for more rate hikes
* German foreign minister says war in Ukraine “could last years”
* China push to become tech self-reliant remains an uphill battle
* Does Friday’s market rout point to a rough road ahead for stocks?
* US consumer spending growth slowed to a 7-month low in July:
