Macro Briefing: 15 April 2024

* Israel considers how to respond to Iranian missile attack
* Economists lift US growth forecasts in new Wall Street Journal survey
* German Chancellor Scholz in China to focus on tense economic ties
* US 10-year yield approaching 4.6% in early Monday trading
* Tesla laying off more than 10% of workforce after lackluster sales results
* US consumer sentiment “moved sideways for the fourth straight month” in April:

Due to the sharp rise in mortgage rates, an unusually high share of Americans feel stuck in homes they would prefer to sell. The average American household with a mortgage has a fixed rate that’s a dramatic three points lower than the rate for new mortgages — a gap unseen in decades, reports The New York Times.

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Your email address will not be published.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.