Macro Briefing: 1 April 2024
TutoSartup excerpt from this article:
* Inflation remains sticky in US and Europe, creating challenges for central banks * China factory activity in March is strongest in 13 months via survey * Gold trades at new record high on Monday * Bitcoin and S&P 500 are first quarter’s big winners * Fed’s favored inflation gauge ticked up…
Macro Briefing: 1 April 2024
Author: James Picerno
* Inflation remains sticky in US and Europe, creating challenges for central banks * China factory activity in March is strongest in 13 months via survey * Gold trades at new record high on Monday * Bitcoin and S&P 500 are first quarter’s big winners * Fed’s favored inflation gauge ticked up…
* Inflation remains sticky in US and Europe, creating challenges for central banks
* China factory activity in March is strongest in 13 months via survey
* Gold trades at new record high on Monday
* Bitcoin and S&P 500 are first quarter’s big winners
* Fed’s favored inflation gauge ticked up to 2.5% in February
* US consumer spending rebounds sharply in February:
US GDP is expected to rise 2.3% in the first quarter, according to the Atlanta Fed’s current estimate via its GDPNow model. The updated nowcast for Mar. 29 ticked up from the previous 2.1%. The current 2.3% estimate reflects moderate growth that also marks a substantial slowdown from Q4’s 3.4%.
Author: James Picerno