Week 36
MACRO Macro picture is still focused on inflationary pressures and slowing growth as the estimate of US GDP growth was revised down from 2.4% to 2.1% for Q2 23. On the supply side there are many inputs which cannot be directly impacted by fiscal or monetary policymakers. So far this year we had unwinding of some of the the supply shocks from the pandemic era. Supply bottle necks have been…