Turmoil in the bank industry and renewed concerns of economic headwinds are driving expectations that Federal Reserve interest-rate hiking is at or near an end. In turn, the outlook has sparked a rally in the US bond market.
Daily Archives: March 24, 2023
Macro Briefing: 24 March 2023
* Eurozone business activity rebounds to 10mo high in March: PMI survey data
* Will banks’ $1.7 trillion in unrealized losses become a problem?
* Expected fall in lending due to bank turmoil will help Fed tame inflation
* China could be a ‘relative safe haven’ this year, advise Citi economists
* Bond market volatility has surged, hinting at greater uncertainty and risk
* Tech consulting firm Accenture to cut 19,000 jobs
* US jobless claims edge down, continue to show tight labor market
* US economic activity eases in February: Chicago Fed Nat’l Activity Index
* New US home sales rebound for third month in February:
