Macro Briefing: 8 May 2024

* US economic growth will continue to weaken until Fed cuts rates: Morningstar
* Rents expected to be last hurdle in taming global inflation
* Fed may need to hold rates steady in 2024, says Minneapolis Fed President
* US consumer credit growth slowed in March
* Federal subsidies for semi firms to fuel industry growth, report projects…
* Semiconductor ETF (SMH) trades near record high:

Renewable energy sources generate 30% of the world’s electricity, estimates Ember, a consultancy. “The renewables future has arrived,” says Dave Jones, global insights director at Ember. “Solar in particular is accelerating faster than anyone thought possible.”

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