Home Economy Macro Briefing: 23 February 2023

Macro Briefing: 23 February 2023

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* Putin says China President Xi will go to Russia
* Fed minutes: officers stay set on extra price hikes to tame inflation
* US proposes first offshore wind public sale in Gulf of Mexico.
* A number of standard Chinese language apps take away entry to AI chatbot ChatGPT
* US home-purchase purposes tumble to 28-year low
* US mortgage charges rise to highest stage since November:

Shares face robust competitors from money after rates of interest rise, advises Jim Bianco of Bianco Analysis. “You’ll get two-thirds of the long-term appreciation of the inventory market with no threat in any respect,” he tells CNBC. “That’s going to supply heavy competitors for the inventory market. That would suck cash away from the inventory market.”


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