Macro Briefing: 27 September 2023

* Senate passes spending bill to avert government shutdown, but…
* Odds are low that House will approve Senate’s stop-gap bill
* FTC and 17 states file antitrust lawsuit against Amazon
* Strong US dollar may be a new headwind for stocks
* China’s struggling property developer Evergrande misses another bond payment
* Consumer confidence in US slips for second month in September
* New US home sales fall in July to lowest level since March
* US home prices rose for sixth straight month, reaching new high in July:

US bond market fell on Tuesday (Sep. 26) to the lowest level of the year and looks set to post a third straight year of loss, based on Vanguard Total US Bond Market ETF (BND). The fund is down 0.8% year to date and posted a 1.9% decline in 2021 and a 13.1% tumble last year.

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