Daily Archives: May 9, 2023

Macro Briefing: 9 May 2023

* Biden and McCarthy will meet today to discuss debt ceiling
* Wall Street plans for trouble if there’s a US default re: the debt ceiling
* Fed warns of credit crunch in wake of recent bank turmoil
* China exports rose 8.5% in April, beating expectations, but…
* China imports fell sharply in April, suggesting economic growth is weak
* US inflation expected to remain well above Fed target in April data
* Gold holds above $2000 an ounce ahead of Wednesday’s US inflation data
* US consumer inflation expectations fall in April for year-ahead outlook
* Bank lending standards remained tight in Q2, loan officer survey shows:

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