Macro Briefing: 14 November 2023

* House to consider stopgap spending plan to avoid government shutdown
* US forces attacked four times in Syria since US military strikes on Sunday
* World economy will top expectations in 2024: Goldman Sachs
* Oil demand remains strong despite recent price weakness, says OPEC
* World oil supply growth is exceeding expectations: IEA
* Markets shrug at warning of ratings outlook downgrade for Treasurys
* Exxon plans to become major lithium supplier for electric vehicles
* UBS expects Fed rate cuts in 2024 as policy-sensitive 2-year yield eases recently:

Demand for holiday hiring has fallen, raising a possible warning for overall labor market, reports The Wall Street Journal. “The peak season holiday hiring is nothing like it had been in previous years,” says Brian Devine, chief executive of Columbus, Ohio-based warehouse-staffing agency Ignite Industrial Professionals. “A lot of companies did strong seasonal hiring a year ago, then they did everything they possibly could to retain those employees,” notes Curt Long, chief economist at the National Association of Federally-Insured Credit Unions. “It’s a very different picture this year.”