Macro Briefing: 29 September 2023

* US government shutdown likely with one day left before Sep. 30 deadline
* US pending home sales continue to tumble in August
* US housing sales slowdown will last a “long time,” says Redfin CEO
* Largest US healthcare worker strike in history brewing for next week
* Credit card data suggests US consumer spending slowed in September
* BlackRock CEO Larry Fink predicts US 10-year Treasury yield will top 5%
* Revised US GDP data for Q2 unchanged at 2.1% growth rate
* US jobless claims remain low, suggesting ongoing labor-market resilience:

US stock market on track for third straight weekly decline. The S&P 500 ended Thursday’s session (Sep. 28) near the lowest close since June:

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