Daily Archives: June 20, 2023

Macro Briefing: 20 June 2023

* China plans a new military training facility in Cuba–90 miles off US coast
* China cuts key lending rate for loans and mortgages to shore up slowing growth
* Bipartisan group of US lawmakers will urge US automakers to cut China ties
* China imports of Russian oil rise to highest level since Ukraine invasion
* Fed Chairman Powell will explain rate pause in Congress this week
* US homebuilder sentiment continues rebounding in June to 11-month high:

Continue reading