Daily Archives: March 9, 2023

Macro Briefing: 9 March 2023

* White House set to release deficit-cutting budget proposal
* Netherlands joins US in banning key microchip exports to China
* Markets cautiously await tomorrow’s payrolls report for February
* Markets see higher recession odds after Fed Chair Powell’s hawkish testimony
* Housing shortage persists in US by 6.5 million units, realty firm estimates
* China consumer inflation eases to slowest pace in a year in February
* Crypto bank Silvergate is shutting down, marking latest FTX aftershock
* US firms hire more workers than expected in February, ADP reports
* US job openings eased in January, but remain elevated vs. history:

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