Daily Archives: May 19, 2023 at 07:21 am EDT

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:

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