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Macro Briefing: 8 November 2018

Summary:
US Attorney General Jeff Sessions resigned at Trump’s request: The HillSessions’ resignation is stoking political firestorm on Capitol Hill: PoliticoFed expected to leave rates unchanged today and continue hiking in Dec: ReutersRussia downplays prospects for relations with US after Dems take House: CNN US mortgage applications close to four-year low: BloombergStock market bulls say gridlock is good in Washington: MarketWatchChina’s imports and exports in October exceeded forecasts: CNBCUS consumer borrowing growth slowed in Sep: MarketWatch Policy sensitive 2yr Treasury yield ticks up to new post-recession high of 2.93%:

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US Attorney General Jeff Sessions resigned at Trump’s request: The Hill
Sessions’ resignation is stoking political firestorm on Capitol Hill: Politico
Fed expected to leave rates unchanged today and continue hiking in Dec: Reuters
Russia downplays prospects for relations with US after Dems take House: CNN
US mortgage applications close to four-year low: Bloomberg
Stock market bulls say gridlock is good in Washington: MarketWatch
China’s imports and exports in October exceeded forecasts: CNBC
US consumer borrowing growth slowed in Sep: MarketWatch
Policy sensitive 2yr Treasury yield ticks up to new post-recession high of 2.93%:

Macro Briefing: 8 November 2018

James Picerno
James Picerno is a financial journalist who has been writing about finance and investment theory for more than twenty years. He writes for trade magazines read by financial professionals and financial advisers. Over the years, he’s written for the Wall Street Journal, Barron’s, Bloomberg Markets, Mutual Funds, Modern Maturity, Investment Advisor, Reuters, and his popular finance blog, The CapitalSpectator.

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