Second-quarter economic activity has picked for the US, based on the median estimate via several sources compiled by CapitalSpectator.com. The firmer nowcast offers fresh support for expecting that the US economy will extend a moderate expansion into Q2 in the official quarterly report that’s scheduled for release later this month.
Daily Archives: July 6, 2023
Macro Briefing: 6 July 2023
* Treasury Secretary Yellen arrives in Beijing for talks on US-China relations
* Federal judge limits White House interactions with social media policy
* Fed officials see more rate hikes ahead, minutes show
* New US vehicle sales rise 13% in first half of year–ahead of expectations
* How long can Germany’s business model rely on China?
* Meta launches Threads, a rival to Twitter
* US factory orders rise for third straight month in May, but fall vs. year-ago level
* US 10-year Treasury yield rises to four-month high on Wednesday:
