The risk of recession remains elevated, according to several indicators, but the soft-landing scenario isn’t dead. Support for the relatively upbeat outlook includes estimates for second-quarter economic activity, based on current GDP nowcasts via data compiled by CapitalSpectator.com.
Daily Archives: May 19, 2023
Macro Briefing: 19 May 2023
* House could vote on debt ceiling next week, says House Speaker McCarthy
* If the US defaults, it would be ugly. Here’s how it would unfold
* Two-thirds of North America could face blackouts in next few months
* Walmart Q1 sales beat expectations as firm lifts full-year outlook
* US Treasury yields rebound on upbeat economic, inflation outlook
* US jobless claims fell last week as bogus data muddle recent trend
* Philly Fed Mfg Index continues to indicate contraction for sector in May
* Existing home sales in US ease for a second month in April
* US Leading Economic Index for April continues to forecast high recession risk:
