Macro Briefing: 28 February 2024
TutoSartup excerpt from this article:
* China’s EVs are going global–and Detroit isn’t ready to compete* Bitcoin tops $59,000, near a record high* US home prices increased to record high in December* US Consumer Confidence Index slips in February–first decline in 3 months* US durable goods orders fell more than expected in Janua…
Macro Briefing: 28 February 2024
Author: James Picerno
* China’s EVs are going global–and Detroit isn’t ready to compete* Bitcoin tops $59,000, near a record high* US home prices increased to record high in December* US Consumer Confidence Index slips in February–first decline in 3 months* US durable goods orders fell more than expected in Janua…
* China’s EVs are going global–and Detroit isn’t ready to compete
* Bitcoin tops $59,000, near a record high
* US home prices increased to record high in December
* US Consumer Confidence Index slips in February–first decline in 3 months
* US durable goods orders fell more than expected in January, but…
* Subset of new orders (a proxy for business investment) rebounded:
It’s different this time: employment vs. job vacancy rate edition. As highlighted by Federal Reserve governor Christopher Waller, job vacancies have been rising while unemployment dropping — an unusual/unprecedented trend that’s been a key factor in the soft landing for the economy.
Author: James Picerno