Daily Archives: Jun 24, 2022 at 07:20 am EDT

Recession Risk Rises But US Still Expected To Grow In Q2

Headwinds for US growth continue to strengthen, but next month’s second-quarter report of GDP is still on track to post a gain, based on the median estimate from a set of nowcasts compiled by CapitaSpectator.com. The question is whether the data deteriorates further between now and the July 28 Q2 release from the Bureau of Economic Analysis? Recent releases suggest that’s strong, or at least rising possibility.

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Macro Briefing: 24 June 2022

* EU leaders offer Ukraine and Moldova candidate member status
* Recession risks for US and Europe have picked up sharply, warn economists
* China and India become Russia’s financiers to evade sanctions
* Copper, an economic bellwether, falls to 16-month low
* KC Fed Mfg Index shows further growth slowdown in June
* A $100 million crypto hack reported by Horizon, a so-called blockchain bridge
* US Energy Secretary asks oil firms to combat high gasoline prices
* US economic growth slows sharply in June via PMI survey data:

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