Macro Briefing: 12 July 2024
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* Futures estimate of first rate cut on Sep. 18 rises to 90%-plus probability * Rate cuts may be appropriate, says San Francisco Fed president Mary Daly * Jobless claims in US fell to a 6-week low last week * US consumer inflation’ 1-year trend falls to 3.0% in June–lowest in over 3 years * US 1…
Macro Briefing: 12 July 2024
Author: James Picerno
* Futures estimate of first rate cut on Sep. 18 rises to 90%-plus probability * Rate cuts may be appropriate, says San Francisco Fed president Mary Daly * Jobless claims in US fell to a 6-week low last week * US consumer inflation’ 1-year trend falls to 3.0% in June–lowest in over 3 years * US 1…
* Futures estimate of first rate cut on Sep. 18 rises to 90%-plus probability
* Rate cuts may be appropriate, says San Francisco Fed president Mary Daly
* Jobless claims in US fell to a 6-week low last week
* US consumer inflation’ 1-year trend falls to 3.0% in June–lowest in over 3 years
* US 10yr Treasury yield drops to 4.22%, lowest close since March:
China’s trade surplus surges to a record high. Driven by soaring exports, the country’s monthly trade balance jumped to $99 billion in June.
Author: James Picerno