Just when you thought it was safe to assume that the soft-landing fix was in, the bond market has thrown a wrench into the machine. So it goes with the constantly shape-shifting risk profile for the US business cycle. Most of the time the changes are relatively trivial. Is this time different?
Daily Archives: October 5, 2023
Macro Briefing: 5 October 2023
* Hard landing risk for US economy rising as Treasury yields increase
* Rise in interest rates creates bigger challenge for managing deficits
* A stock market crash may be the only savior for a falling bond market: Barclays
* Earth on track for hottest year on record, predicts European climate agency
* ISM Mfg Index edged lower in September but still reflects moderate growth
* US private employment growth slowed sharply in September via ADP data:
