Macro Briefing: 10 August 2018

Turkey edges closer to a full-blown financial meltdown: Bloomberg
Senate considers more sanctions on Russia: CNBC
Russia denounces latest round of US sanctions: Reuters
Bloomberg’s US consumer sentiment index rose to 17-year high: Bloomberg
Pence calls for US to develop space force: NY Times
Chicago Fed President: Inflation to hold at around 2%, the Fed’s target: MNI
US jobless claims continue to trend lower, down to low 213,000: MarketWatch
Wholesale trade inventories in US revised up to 0.6% gain for May: CNBC
Don’t confuse a highly valued stock market with an overvalued one:
New research challenges loss aversion in behavioral economics: Bloomberg
US producer prices unchanged in July, pointing to tame inflation: CNBC