Daily Archives: Feb 28, 2018 at 06:12 am EDT

US Business Cycle Risk Report | 28 February 2018

Jerome Powell, the newly installed chairman of the Federal Reserve, advised in his public debut as head of the central bank that “there’s always a risk of a recession at any point in time, but I don’t see it as at all high at the moment.” Instead, he told the House Financial Services Committee that “I would expect the next two years on the current path to be good years for the economy.”
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Macro Briefing: 28 February 2018

UN report: N. Korea ‘providing materials’ for Syria chemical weapons: BBC
Fed Chair Powell hints at more than 3 rate hikes this year: CNBC
Global stocks continue to fall after Powell’s comments: Bloomberg
Can the low jobless rate in US continue to fall? No one knows: NY Times
US durable goods orders fell 3.7% in Jan and biz inv slumped again: MW 
US Trade deficit widens in Jan, hinting at more pressure on Q1 GDP: MW
GDPNow estimate of US Q1 GDP growth drops to 2.6%: Atlanta Fed
Wholesale inventories for Jan rise 0.4% in US: CNBC
US house prices still rising, but signs of softer pace emerging: HousingWire 
Richmond Fed Mfg Index rises to 2nd highest level on record: Bond Buyer
How did low-vol strategies fare in recent market turbulence? Wealth Mgt
Treasury yields rise after Fed chair’s testimony in House: Reuters