It’s been a strong year for American equities. Although US shares have been trading in a tight range recently, the market is holding on to the bulk of its robust year-to-date gain in 2023.
Daily Archives: September 18, 2023
Macro Briefing: 18 September 2023
* House GOP agrees on short-term deal to keep government open through Oct. 31
* Debate continues on odds that Fed can engineer a US ‘soft landing’
* Country Garden’s struggle to survive is China’s biggest property crisis to date
* Peak rates are expected to be near for major central banks
* Rising number young adults have given up on owning a home
* Median US home sales price rose 3% in Aug vs. year ago–biggest gain since Oct
* Net 51% of US banks tightening lending standards–highest since 2020
* US industrial production rises more than expected in August
* NY Fed Mfg Index survey: firms “more optimistic” in Sep. for 6-month outlook:
