Daily Archives: Jun 3, 2022 at 12:04 am EDT

Macro Briefing + Notes: 3 June 2022

* Fed begins shrinking its $8.9 trillion balance sheet to combat inflation
* OPEC agrees to boost oil output as Russian production drops
* China to launch aircraft carrier that will project military power globally
* US factory orders and shipments post modest gains for April
* Jobless claims eased last week, holding near multi-decade low
* ADP estimates hiring by US firms in May was the slowest gain of the recovery:

Continue reading