Macro Briefing: 13 December 2023

* Fed set to leave rates unchanged for third time in today’s policy meeting
* COP28 climate summit calls for ‘beginning of the end’ for fossil fuels
* Treasury Sec. Yellen says US economy on Path to soft landing
* China says it will boost demand to promote 2024 recovery
* Ford will cut output of electric pickup truck in half due to weak demand
* The business opportunities in oil still far exceed investing in renewable energy
* US headline inflation eases in November, but core CPI remains steady:

Natural gas prices fall sharply amid rising US production and warmer weather. “The warmer temps both in the US and Europe is keeping a ‘sell the rallies’ trade in place,” advises Dennis Kissler, senior vice president at BOK Financial, in a note to clients. “With new highs in production and no winter demand the path of least resistance remains lower.”

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.