Slow growth, rising interest rates, high inflation and a sundry list of other risk factors threaten to push the US economy into recession at some point in the near term. Or so a chorus of analysts and economists have been warning. It’s short-sighted to dismiss those forecasts, but the data published to date continue to show that US economic activity continues to defy the macro pessimists, at least for now.
Daily Archives: September 13, 2022
Macro Briefing: 13 September 2022
* Ukraine asks for more Western weapons after Russian setback
* US railroad strike poised to start, creating new headwind for economy
* Fed set for another 75bps rate hike next week via Reuters poll
* Soft landing becoming more likely for US economy, JP Morgan analysts predict
* US small business sentiment rebounded moderately in August
* Deposits at US banks fell by a record $370 billion in Q2
* UK jobless rate falls to 48-year low in July
* German investor sentiment continued to deteriorate in September
* Inflation expectations fell again in August, reports NY Fed survey:
