Warnings that the US economy is close to the tipping point for recession have endured for months, but the expansion keeps surprising on the upside. More of the same is likely for the immediate future, and perhaps longer.
Daily Archives: May 17, 2023
Macro Briefing: 17 May 2023
* US debt-ceiling talks continue but agreement still not imminent
* House Speaker McCarthy hints at debt-ceiling deal by next week
* Russia oil exports rise to post-invasion high in April
* China’s demand for oil growing at faster-than-expected pace
* Home Depot blocks Amgen’s takeover bid of Horizon Therapeutics
* European Union gives green light to Microsoft buying Activision Blizzard
* US industrial output bounces back in April
* US retail sales rebound in April, first monthly gain since January:
