Global markets roared back to life in January, led by US real estate shares. The only slice of the major asset classes that lost ground last month: commodities, based on a set of proxy ETFs.
Daily Archives: February 1, 2023
Macro Briefing: 1 February 2023
* Federal Reserve expected to slow rate hiking today to 1/4 point
* Fed’s Powell may stress today that inflation fight is far from over
* China’s manufacturing contraction eases in January via PMI survey data
* Eurozone manufacturing contraction eases, suggesting worst has passed
* Eurozone inflation slows for third straight month in January
* Key employment cost index for US rose less than forecast in Q4
* US consumer confidence eased in January but above 2022’s low
* Chicago PMI falls more than forecast in January, indicating deeper contraction
* US home price growth cools gain in November, extending run of softer pricing:
