Several indicators are flashing recession warnings for the US, but the median estimate for economic activity in the first quarter leaves room for doubt about the timing, suggests the median for a set of GDP nowcasts compiled by CapitalSpectator.com.
Daily Archives: March 9, 2023
Macro Briefing: 9 March 2023
* White House set to release deficit-cutting budget proposal
* Netherlands joins US in banning key microchip exports to China
* Markets cautiously await tomorrow’s payrolls report for February
* Markets see higher recession odds after Fed Chair Powell’s hawkish testimony
* Housing shortage persists in US by 6.5 million units, realty firm estimates
* China consumer inflation eases to slowest pace in a year in February
* Crypto bank Silvergate is shutting down, marking latest FTX aftershock
* US firms hire more workers than expected in February, ADP reports
* US job openings eased in January, but remain elevated vs. history:
