Macro Briefing: 22 November 2022

* Another 75-basis-points rate hike is possible, says San Francisco Fed president
* Iran starts producing uranium enriched to 60 percent
* OPEC oil producers are discussing an output increase
* Goldman Sachs lowers oil-price forecast
* China signs 27-year liquefied natural gas deal with QatarEnergy
* US rail strike is possible after unions disagree on contract vote
* Investor-related home buying falls 30% amid rising interest rates
* Digital-asset brokerage Genesis may file for bankruptcy
* Bitcoin falls to two-year low
* US economic activity slowed in October via Chicago Fed Nat’l Activity Index:

US gasoline prices have declined recently, but remain at the highest levels recorded (since 2000) for the Thanksgiving holiday, AAA reports. “The national average has fallen sharply since the June peak of nearly $5.02,” says Andrew Gross, AAA spokesperson. “But this Thanksgiving will be about 20 cents higher than a year ago, and a dollar more per gallon than a pre-pandemic 2019. However, we can be thankful that gas prices are moving in the right direction for now.”