Rarely in the history of US economic analysis have recession forecasts been so plentiful and widely embraced. All the more extraordinary is the ongoing resilience of the economy that defies the gloomy expectations. There are real and present dangers lurking that could quickly alter current conditions, but new numbers published this week reaffirm that business activity in May indicates that recession risk is still low.
Daily Archives: May 24, 2023
Macro Briefing: 24 May 2023
* Debt-limit talks in Washington stumble as time runs out for deal
* US economy in ‘much better shape’ vs. gloomy forecasts: BlackRock’s bond chief
* US Navy increase efforts to stop Iran’s ship seizures in Strait of Hormuz
* Debt-ceiling risk inspires investors to look for new safe havens
* More work needed to tame inflation, says former Fed chief Ben Bernanke
* Chip war with China risks ‘enormous damage’ to US tech, warns Nvidia chief
* New US home sales rise more than expected in April
* Richmond Fed Mfg Index continues to post steep contraction in May
* Apple announces US-based computer chips deal with Broadcom
* US economic activity picks up to 13-month high in May via PMI survey data:
