Fed Chair Jerome Powell is scheduled to testify in the House today (Wed., Mar. 6) and markets will be all ears on topics that offer guidance on the outlook for interest-rate cuts.
Daily Archives: March 6, 2024
Macro Briefing: 6 March 2024
* Red Sea cables cut, affecting data traffic flow between Asia and Europe
* Biden and Trump secure respective parties’ nominations after Tue’s vote
* Global economic growth picks up to eight-month high in February: PMI survey
* Strong US economy fuels bets that Fed will delay interest rate cuts
* US factory orders decline more than expected in January
* US ISM Services Index dips in February but still signals modest growth:
