Depending on the source, the preliminary estimates for US economic activity in this year’s first quarter are encouraging, mediocre or distinctly bearish, based on a set of nowcasts compiled by CapitalSpectator.com. But it’s still early in the quarter and it’s best to look at the numbers with a hefty dose of caution at this point.
Daily Archives: February 8, 2023
Macro Briefing: 8 February 2023
* Biden outlines his economic agenda in State of the Union speech
* Death toll from Syria-Turkey quake keeps rising, close to 10,000
* Fed’s Powell gives hawkish speech but investors stay bullish
* Shipping giant Maersk expects global trade to shrink by as much as 2.5% in 2023
* Inflation’s “worst is behind us”, says Charles Schwab’s top fixed-income strategist
* Zoom is latest tech firm to announce big layoffs
* US trade deficit widens in December–reaches record high for 2022
* US junk bond yield spread stays low despite surge in tighter lending standards:
