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Macro Briefing: 23 November 2021

Summary:
* Biden chooses Jerome Powell for second term as Fed chair* New economic challenges await Powell in his second term as Fed chair* US expected to announce release of oil from strategic reserve* Turkish lira crashes as President Erdogan vows more rate cuts as inflation surges* Eurozone economic growth rebounds in November via PMI survey data* UK input inflation reaches new record high in November via PMI survey data* Will higher rate of women attending college vs. men change the economy?* US existing home sales rose to 9-month high in October* US economy rebounded sharply in Oct via Chicago Fed Nat’l Activity Index:

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* Biden chooses Jerome Powell for second term as Fed chair
* New economic challenges await Powell in his second term as Fed chair
* US expected to announce release of oil from strategic reserve
* Turkish lira crashes as President Erdogan vows more rate cuts as inflation surges
* Eurozone economic growth rebounds in November via PMI survey data
* UK input inflation reaches new record high in November via PMI survey data
* Will higher rate of women attending college vs. men change the economy?
* US existing home sales rose to 9-month high in October
* US economy rebounded sharply in Oct via Chicago Fed Nat’l Activity Index:

Macro Briefing: 23 November 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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