Macro Briefing: 8 April 2024

* Expectations for rate cuts in 2024 continue to fade
* US and China to hold financial shock exercises, says Treasury Sec. Yellen
* Oil-price rise is main threat to US economy, warns Moody’s economist
* Global pushback rising against China’s heavily subsidized factory sector
* US offers TSMC up to $6.6 billion for Arizona chip factories
* Gold trades at new record high ahead of US inflation report on Wednesday
* US nonfarm payrolls trend growth strengthens in March:

Wall Street analysts predict a third straight quarter of earnings growth for S&P 500 companies, reports The Wall Street Journal. “Profits for the first quarter are projected to have risen about 3.2% from the same period a year earlier, according to FactSet.”