Macro Briefing: 22 February 2024

* Fed officials express concern of slowing inflation progress in minutes
* Eurozone downturn eases as price pressures intensify in February: PMI survey
* China’s efforts to develop AI resources relies on US technology
* Stocks in Japan close at record high, rising above 1989 peak
* Nvidia strong earnings report boost outlook for artificial intelligence
* US 10-year Treasury yield ticks up to highest level since Dec. 1:

Agricultural commodities prices rise to highest level in nearly a decade, based on Invesco DB Agriculture Fund (DBA). The rise comes at a time when US consumer spending as a percentage of disposable income has increased to a 30-year high.

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