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Macro Briefing: 24 September 2021

Summary:
* House Speaker Pelosi: Congress won’t let government funding expire next week* Senate may vote on Monday on raising the US debt ceiling* Treasury Secretary Yellen under pressure as possible debt default approaches* China flies fighter jets into Taiwan airspace* China’s central bank says all cryptocurrency-related transactions are illegal* China Evergrande silent on whether it will make a key interest payment* US Leading Economic Index continues to indicate strong growth* US jobless claims rose again last week, increasing more than forecast* Chicago Fed Nat’l Activity Index: slower but-still above-average growth in August* US economic growth continued to slow in September via PMI survey data:

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* House Speaker Pelosi: Congress won’t let government funding expire next week
* Senate may vote on Monday on raising the US debt ceiling
* Treasury Secretary Yellen under pressure as possible debt default approaches
* China flies fighter jets into Taiwan airspace
* China’s central bank says all cryptocurrency-related transactions are illegal
* China Evergrande silent on whether it will make a key interest payment
* US Leading Economic Index continues to indicate strong growth
* US jobless claims rose again last week, increasing more than forecast
* Chicago Fed Nat’l Activity Index: slower but-still above-average growth in August
* US economic growth continued to slow in September via PMI survey data:

Macro Briefing: 24 September 2021

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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