Macro Briefing: 26 September 2023

* Moderate Republicans plan to work with Democrats to avert Oct. 1 shutdown
* Buying a home or car is “unaffordable” for typical American, says economist
* China and Europe try to reduce trade tension
* Nissan plans to sell only electric cars in Europe by 2030
* Soaring demand for critical metals raises ethical challenges for investors
* Biggest long-Treasury ETF plunges as bond rout deepens
* Texas manufacturing activity rebounds in September via Dallas Fed survey
* US economic activity slows in August: Chicago Fed Nat’l Activity Index:

US Dollar Index rises to 10-month high. A key driver of the greenback’s recent strength: rising Treasury yields, which makes dollar-denominated assets more attractive globally. The 10-year yield on Monday rose to 4.55%, a 16-year high.

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