The global rise in interest rates may be peaking, a view that’s helped lift most corners of foreign bond markets year to date, based on a set of ETFs through yesterday’s close (Aug. 9).
Daily Archives: August 10, 2023
Macro Briefing: 10 August 2023
* Biden issues executive order to steer some US investments away from China
* China rebukes Biden’s executive order that limits US investment in technology
* Downturn in world trade fuels concern of increasingly fractured global economy
* Central banks need to keep rates at roughly 5%, veteran economist predicts
* Average US mortgage rate rises to 7.02% — highest in almost 21 years
* Five bearish arguments that, so far, “haven’t worked”
* US Q3 GDP nowcast revised up to strong 4.1% via Atlanta Fed’s GDPNow model:
