Macro Briefing: 5 April 2023

* Cleveland Fed President reaffirms central bank’s resolve to tame inflation and…
* Mester says Fed should raise and hold its target rate above 5%
* Eurozone economy expands at strongest pace since May 2022: PMI survey data
* Banking crisis not over yet, says JP Morgan’s Jamie Dimon
* Gold rises well above $2000 an ounce, near an all-time high
* Walmart lays off 2,000 workers at warehouses that fulfill website orders
* US job openings in February fall below 10 million for first time in 2 years:

Year-over-year change in US factory orders continues to weaken in February, rising 2.7%. The rise marks the slowest growth in two years: