Recession forecasts for the US continue to swirl, but the risk still looks low from the perspective of expectations for the first-quarter GDP report that’s scheduled for April 27, when the Bureau of Economic Analysis will publish it’s preliminary report.
Daily Archives: April 11, 2023
Macro Briefing: 11 April 2023
* IMF predicts interest rates will fall to pre-Covid levels
* Analysts say corporate America is in an earnings recession
* Consumer inflation expectations rise for first time in months
* Consumers say credit is getting harder to come by, Fed survey shows
* Falling money supplies signal elevated recession risk for US, UK and Eurozone
* China consumer inflation slows to softest pace since September 2021
* Eurozone retail sales fell in February, reversing January’s gain
* Bitcoin rallies above $30k for first time since June
* Will bank lending slow after recent turmoil in the industry?
* US real Treasury yields hold above 1%–highest since 2010: