The Federal Reserve raised interest rates again this week and Chairman Jerome Powell says more hikes are coming. The bond market disagrees.
Daily Archives: February 3, 2023
Macro Briefing: 3 February 2023
* Pentagon says Chinese spy balloon spotted over Montana
* China business activity expands in January–first rise in five months
* Eurozone economy grows in January for first time since June
* US mortgage rates decline for fourth straight week
* Worker productivity in US increases faster than expected in Q4
* Austerity is the new new thing for the tech industry
* New orders for US-manufactured goods rebound sharply in December
* US jobless claims edge down last week, holding near record low, but…
* Announced job cuts rose above 100,000 in January–highest in over 2 years:
