Macro Briefing: 1 February 2018

Feud between Trump and FBI erupts into open battle: WaPo
White House seeks big cut in clean energy funding at Energy Dept: The Hill
Former Fed Chair Greenspan warns of bubbles in stocks and bonds: Bloomberg
Fed leaves rates unchange; expects higher inflation in 2018: Reuters
ADP: US private payrolls rose 234k in Dec, sharply above expectations: CNBC
Pending home sales rise 0.5%, the most since March: MarketWatch
Chicago PMI eased in Jan, pulling back from 9-year high: MarketWatch
US Employment Cost Index posts solid rise in 2017’s Q4: Reuters
2-year Treasury yield’s bull streak continues, rising to 2.14%, a new 10yr high:

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