Macro Briefing | 17 October 2019

House passes broadly supported resolution rebuking Trump over Syria: The Hill
Northern Irish party casts doubt over possible Brexit deal: Reuters
China’s commerce ministry hopes to reach trade deal soon with US: Reuters
Fed’s Beige Book reports “slight to modest” economic growth: MW
Atlanta Fed’s business inflation outlook slips to 2-year low: AFed
Revised GDPNow model estimates 1.8% Q3 GDP growth, slightly below Q2: AFed
US homebuilder confidence rises to 2-year high in October: CNBC
US retail sales fell in Sep, but 1-year growth is still moderate: CNBC

Macro Briefing | 16 October 2019

Warren is focus of attacks at Democratic debate: CNBC
VP Pence, Sec. of State Pompeo in Turkey today to push for Syrian ceasefire: Fox
US indicts Turkey’s 2nd-largest bank on evading Iran sanctions: NY Times
China criticizes House bill that focuses on Hong Kong: Reuters
Doubt hangs over China’s promise to buy more US farm products: WSJ
Brexit talks stall over familiar stumbling blocks: CNBC
Upbeat corporate earnings help raise US stock market to 3-week high: MW
IMF forecasts global growth will slow to weakest pace since financial crisis: BBC
10yr-3mo Treasury yield curve remains positive for 3rd day after run of inversion:

Macro Briefing | 15 October 2019

Trump announces sanctions on Turkey, demands Syria ceasefire: Reuters
VP Pence headed to Turkey for negotiations: MW
Doubts follow Trump’s trade deal with China: The Hill
EU’s chief negotiator: Brexit deal ‘still possible’: BBC
Turkish lira rises despite Trump’s new economic sanctions on Turkey: CNBC
China’s factory deflation ticked deeper into the red in September: Bloomberg
German investor sentiment remains weak in October via ZEW survey: Bloomberg
NY Fed Mfg Index edges up in Oct, middling growth vs. recent history: NY Fed

Macro Briefing | 14 October 2019

Trump expected to impose new sanctions on Turkey for Syria invasion: Reuters
China requests more talks before signing latest trade deal with US: BBG
Will the latest US-China trade truce boost global growth? Maybe not: WSJ
China will be a factor in Q3 earnings that are starting to roll in: MW
House intel chairman: whistleblower testimony may not be needed: The Hill
Eurozone industrial output rebounded in August: Reuters
Brexit deal remains long shot as Oct 31 deadline nears: CNBC
China’s exports/imports fell more than forecast in September: CNBC
US consumer expectations for real income rises to two-decade high in Oct: UoM

Book Bits | 12 October 2019

After the Crash: Financial Crises and Regulatory Responses
Edited by Sharyn O’Halloran and Thomas Groll
Summary via publisher (Columbia U. Press)
The 2008 crash was the worst financial crisis and the most severe economic downturn since the Great Depression. It triggered a complete overhaul of the global regulatory environment, ushering in a stream of new rules and laws to combat the perceived weakness of the financial system. While the global economy came back from the brink, the continuing effects of the crisis include increasing economic inequality and political polarization. After the Crash is an innovative analysis of the crisis and its ongoing influence on the global regulatory, financial, and political landscape, with timely discussions of the key issues for our economic future.

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Macro Briefing | 11 October 2019

Turkey pounds Syrian Kurds in third day of military offensive: Reuters
Iranian tanker struck by missiles off coast of Saudi Arabia: CNBC
US-China trade talks set to continue on Friday after encouraging start: WSJ
Brussels meeting hints at possible UK-EU deal on Brexit: BBC
Jobless claims fell last week, pointing to ongoing US labor mkt growth: Reuters
10yr-3mo Treasury yield curve briefly turned positive on Thursday: MW
Low headline consumer inflation in Sep suggests another Fed rate cut: MW