Macro Briefing: 28 September 2018

Senate committee may vote on Kavanaugh today: Politico
American Bar Assoc. recommends delaying Kavanaugh vote: CNN
Italy defies EU by raising deficit target: Bloomberg
Israeli PM describes secret Iranian nuclear site: Reuters
WTO cuts global trade forecast, warning trade war threatens growth: Bloomberg
Pending Homes Sales Index falls for eighth month: HousingWire
Fed Chairman Powell: US not facing high odds of recession in next 2 years: Reuters
Wholesale inventories revised down for July: CNBC
KC Fed Mfg Index ticked lower in Sep, but still showing “solid” gain: KC Fed
Jobless claims in US rise more than expected: CNBC
US merchandise trade deficit widened to biggest gap in 6-months: Bloomberg
Revised Q2 US GDP growth: 4.2%, unchange from previous estimate: MW
US durable goods orders accelerate to 11.8% y-o-y, highest in over a year: