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Breakfast briefing: The US economy grew by +US$1.4 tln in 2023

US 2023 economic growth impresses, but recent granular data mixed; China struggles with confidence; Korea grows; ECB holds; freight rates rise further; UST 10yr 4.14%; gold and oil up; NZ$1 = 61.1 USc; TWI-5 = 70.1

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Is The U.S. Economy Actually Growing?

Okay, so they want us to believe that the U.S. economy grew at a very brisk pace during the fourth quarter of 2023 even though mass layoffs are happening all over America, sales of previously

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Markets tried to fight the Fed on rate cuts. It didn't work

Federal Reserve officials are planning to finally cut interest rates sometime this year and Wall Street thinks that first cut could come as soon as March. But those hopes are slowly dwindling.

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