* US economic resilience suggests delaying rate cuts, writes strategist Ed Yardeni
* New US home sales eased in February but remain above last year’s pace
* Survey reveals nearly half of managers aim to replace workers with AI
* Texas manufacturing activity weakens in March: Dallas Fed
* US economic activity rebounded in March via Chicago Fed Nat’l Activity Index:

US market risk is rising due to growing federal debt, warns the fiscal director of the Congressional Budget Office. US fiscal conditions are on an “unprecedented” path that needs addressing, advises Phillip Swagel. Speaking with Financial Times, he says the US is “not there yet” in terms of developing a plan to solve the issue. Meanwhile, higher interest rates are lifting the cost of servicing the country’s debt.