Macro Briefing: 3 May 2024
TutoSartup excerpt from this article:
* Global economy in 2024 will rise 3.1%, matching 2023’s gain, OECD forecasts * Global manufacturing activity holds on to slight expansion in April via PMI survey * US factory orders rose for a second month in March * US labor costs rose sharply in Q1 as worker productivity growth slowed * US jobl…
Macro Briefing: 3 May 2024
Author: James Picerno
* Global economy in 2024 will rise 3.1%, matching 2023’s gain, OECD forecasts * Global manufacturing activity holds on to slight expansion in April via PMI survey * US factory orders rose for a second month in March * US labor costs rose sharply in Q1 as worker productivity growth slowed * US jobl…
* Global economy in 2024 will rise 3.1%, matching 2023’s gain, OECD forecasts
* Global manufacturing activity holds on to slight expansion in April via PMI survey
* US factory orders rose for a second month in March
* US labor costs rose sharply in Q1 as worker productivity growth slowed
* US jobless claims continue to hold at historically low levels:
Policy-sensitive US 2-year Treasury yield dropped for a second day on Thursday (May 2). This widely watched rate fell to 4.95% after briefly topping 5% earlier in the week for the first time this year.
Author: James Picerno