Daily Archives: Dec 2, 2022 at 07:09 am EST

Macro Briefing: 2 December 2022

* Fed’s preferred inflation gauge shows signs of slowing in October
* US consumer spending accelerated in October
* OPEC+ considers deeper oil output cuts
* Construction spending in US fell sharply in October due to weak homebuilding
* Atlanta Fed’s Q4 GDP nowcast revised down sharply to still-solid +2.8%
* Global manufacturing conditions deteriorated again in November
* US mfg activity contracts in November via ISM Mfg Index:

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