US recession risk is high, unless it’s not. After months of conflicting signals from various business-cycle indicators, debate and disagreement reign supreme in the land of nowcasting and forecasting the odds for an economic downturn. In other words, the value of combination forecasting in the current environment has rarely been higher.
Daily Archives: March 8, 2023
Macro Briefing: 8 March 2023
* Fed’s Powell says rate hikes may go higher than previously expected
* 2yr/10yr Treasury yield spread falls deeper into below-zero readings
* Workers across France protest pension reform proposal
* China announces shake-up of government oversight of financial system
* Eurozone GDP change revised down to zero for Q4
* US shale-oil boom appears close to peaking
* Buffett’s Berkshire Hathaway buys more Occidental Petroleum shares
* US 2-year Treasury yield (proxy for rate expectations) rises to 5%, a 16-year high:
