Judging by the analysis in some circles, a recession is a forgone conclusion. More cautious types argue that the expansion continues, but just barely, and that a formal recession will likely start at some point in the next several months. As usual, it’s impossible to fully discount any given forecast. But a review of a broad range of economic and financial data still leaves room for debate. Yes, macro risk is rising for the US, but the economy has not yet reached the tipping point.
Daily Archives: July 9, 2024
Macro Briefing: 9 July 2024
* US consumers’ near-term inflation expectations fell again in June: NY Fed survey
* Slump in US housing market sales continues into a third year
* Air travel demand is surging but airline profits are not
* China electric vehicle giant BYD plans to build $1 billion plant in Turkey
* US small business sentiment ticks up in June but remains near multi-year low:
