Daily Archives: March 17, 2023

The Fed’s Big Problem Just Got Bigger

Fighting high inflation is tough enough, but the Federal Reserve’s been trying to tame pricing pressure when the economy is showing signs of weakening, at least in some corners. That’s a major challenge, but it’s even a bigger problem in the wake of banking turmoil triggered by the collapse of Silicon Valley Bank (SVB).

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Macro Briefing: 17 March 2023

* China President Xi to visit Putin in Russia next week
* Poland to be first NATO country to provide military jets to Ukraine
* Protests erupt after Macron orders pension reforms without vote in parliament.
* First Republic Bank set to receive cash infusion from largest US banks
* US import prices decline in February, second monthly slide
* Philly Fed Mfg Index continues to reflect hefty decline in March business activity
* US jobless claims fell last week, continue to indicate tight labor market
* US housing starts rebound in February to 5-month high:

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