Daily Archives: May 1, 2023 at 06:47 am EDT

Macro Briefing: 1 May 2023

* JPMorgan acquires failed First Republic Bank
* Fed report finds fault with its oversight in collapse of Silicon Valley Bank
* China manufacturing unexpectedly contracted in April
* South Korea’s exports fell for seventh straight month in April
* Hefty churn in jobs expected in next 5 years, economic report predicts
* Charlie Munger sees trouble ahead for US commercial property market
* US consumer spending was flat in March, reflecting slowing economy
* Fed’s preferred inflation metric slows in April, but just barely:

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