Macro Briefing: 4 January 2019

House passes bill to reopen gov’t despite Trump’s opposition: The Hill
2-year Treasury rate briefly fell below Fed funds rate on Thursday: Reuters
Eurozone Composite PMI indicates weakest growth in 4 years: IHS Markit
Caixin China Composite PMI: modest growth rate ticked up in Dec: IHS Markit
Dallas Fed chief says central bank should pause on rate hikes: CNBC
Consumer confidence in China appears to be weakening: NY Times
US jobless claims rose last week, but still point to labor mkt strength: CNBC
ISM Mfg Index falls to lowest level in 2 years: CNBC
US job cuts rose 29% in 2018 vs. previous year: CG&C
US firms expanded payrolls in Dec; biggest monthly gain in nearly 2 years: MW