Daily Archives: March 6, 2023

Macro Briefing: 6 March 2023

* Fed submits report to Congress: more rate hikes needed to tame inflation
* China sets lowest growth target (roughly 5%) in decades as challenges loom
* Base metals mostly lower after China sets modest growth target
* Veteran emerging markets investor says he can’t get his money out of China
* Housing headwinds strengthen ahead of crucial spring selling season
* US services sector growth remains moderate in February via survey data
* Former Fed Vice Chair Blinder predicts Fed won’t raise rates to 6%, but…
* San Francisco Fed President Daly sees tighter policy for longer as ‘likely’
* US Treasury yield curve remains deeply inverted as hawkish Fed policy prevails:

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