Daily Archives: Dec 1, 2022 at 07:19 am EST

Macro Briefing: 1 December 2022

* Smaller rate hikes may start as early as Dec. 14 meeting, says Fed’s Powell
* House votes to block rail strike
* China signals slight easing of Covid policy after protests
* Pending home sales in US fall for fifth straight month in October
* Mortgage rates drop for third week but housing demand weakens further
* US job openings cooled in October
* Fed’s Beige Book: economic uncertainty rises as economic growth eases
* Q3 GDP growth is revised up to +2.9%
* US private employment growth slows sharply in November via ADP data:

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