Recent US recession forecasts look set to fail again for the first-quarter economic profile, based on the current lineup of Q1 GDP nowcasts. Output remains on track to slow in the first three months of 2024, but not enough to revive the warnings from some analysts that a new downturn is near as a highly plausible scenario.
Daily Archives: February 28, 2024
Macro Briefing: 28 February 2024
* China’s EVs are going global–and Detroit isn’t ready to compete
* Bitcoin tops $59,000, near a record high
* US home prices increased to record high in December
* US Consumer Confidence Index slips in February–first decline in 3 months
* US durable goods orders fell more than expected in January, but…
* Subset of new orders (a proxy for business investment) rebounded:
