Zero Hedge

US Orders Americans Out Of Southeast Turkey After Reports Of CIA Arming Kurds

US Orders Americans Out Of Southeast Turkey After Reports Of CIA Arming Kurds

Within the opening days of the Iran-US-Israel war, the State Department urged Americans across 14 countries in the Middle East region to urgently depart. There's since been an ongoing US government facilitated evacuation effort. Private tour groups have also been coordinating to get people out.

For example, stranded tourists in Israel have rushed south, across the Egyptian border on buses, where they can safely arrange flights from Cairo. For the first time of the war, Turkey has just been added to the list - a rarity given it has long been viewed as a place of stability and is a prime tourist destination. 

via Duvar English

But the new State Department travel advisory has yet to be extended over the whole of the country, instead Americans are being warned not to visit southeast Turkey and for anyone currently there to depart immediately.

It warns of the potential terrorism, armed conflict, and arbitrary detentions, according to the advisory - at a moment bombs between Iran, Israel, the US and Gulf countries continue to fly. And importantly, a staff draw down:

Washington has advised non-essential staff to leave its consulate near the southern Turkish city of Adana near a key NATO base and ordered US citizens to leave “southeast Turkey,” the US embassy to Ankara said Monday.

There are American troops at several bases in Turkey, particularly at NATO's major Incirlik air base, near Adana

"On March 9, 2026, the Department of State ordered non-emergency US government employees and US government employee family members to leave Consulate General Adana due to the safety risks," the US embassy said on X.

It further declared that "Americans in southeast Turkey are strongly encouraged to depart now."

Last week saw a couple of very serious developments which impact Turkey. First, a ballistic missile from Iran flew over the large Asia minor country and was intercepted by NATO defenses in the Mediterranean.

Also, days ago there was an avalanche of global headlines alleging the CIA was preparing Kurdish groups based in Iraq for a cross-border attack on Iran.

Some of these are the very groups Turkey has long been bombing just across its eastern border in northern Iraq. While Iraq as well as the Iraqi Kurdistan government of the north denied that this was happening - the alleged plan has the potential to destabilize part of southeast Turkey.

The State Dept alert could be alluding to the tense geopolitical situation with the Kurds in the following: "Terrorists may attack tourist locations, transportation hubs, markets, malls, hotels, and places of worship," the advisory warned.

Tyler Durden Mon, 03/09/2026 - 12:25

Gigantic US Error Or All Part Of A Plan?

Gigantic US Error Or All Part Of A Plan?

Via Rabobank,

Anybody thinking US payrolls, even at -92K, matters much in the current environment is probably at the head of the queue to be replaced by an AI soon. That data series is always volatile and 2.5m undocumented workers are estimated to have left the US since Trump was re-elected: 394K foreign-born workers lost their jobs in the reported month while the native-born series rose 877K, albeit after a shocking 2.5m drop of its own the month before. How can anyone take these numbers seriously even if the underlying signal is deadly serious?

This is eclipsed by Brent oil this morning trading over $110 with WTI at $107: both look to be going exponential, perhaps even opening up the $150 scenario the GCC warn of. Worse, that doesn’t account for more dramatic moves in diesel, jet fuel, fertilizer, key chemicals like sulphur, and gases like helium, without which not a lot moves in the industrial economy, grows in the agricultural economy, or is produced in terms of metals like copper and tech goods like chips.

In short, this is now starting to look like a potential combination of the 1973 post-Yom Kippur War oil shock, the 2022 Russia-Ukraine War commodity shock, and the 2020-21 Covid supply chain shock. 

The longer this goes on, the more exponential the damage becomes in a domino effect, which is exactly what oil is now showing to a market that saw some takes last week that ‘things could be a lot worse.’ Well, now they are: and if we are still in the same position this time next week, things could be quite terrifying.

Yet while credible estimates today are that if all fighting were to suddenly cease, it would take two weeks to start to right the ship and a further two months to get back to normal, what we should call Gulf War 3 is showing many signs of widening its geography and escalating within it.

On geography: even if Trump is reportedly now against using the Kurds as a military wedge against Tehran (perhaps due to Turkish opposition), Azerbaijan, which was recently struck by Iran, is another matter. So is Pakistan, which has underlined its mutual defence pact with the Saudis. EU member Cyprus has reported that the drone which struck it was fired by Hezbollah in Lebanon, and was a Russian Shaheed model, not an Iranian one. Russia has also openly said that it isn’t neutral in this conflict, and favours Iran, alongside reports that it’s providing Tehran with data to help it strike its opponents. In Lebanon, Israeli actions are intensifying.

On escalation: after an apology to its neighbours from Iran’s president was rebuffed by the IRGC, the weekend saw strikes on energy facilities against both sides, where Iran came off worse. Moreover, we saw several reports of attacks on desalination plants: if those critical facilities were to go in the region, much of its population would have to as well. Trump is reportedly weighing the introduction of special forces ground troops into Iran, while a third carrier strike group is now on the way. Moreover, Tehran has appointed Mojtaba Khamenei, the son of the former Supreme Leader, to replace him. He is clearly unacceptable to both the US and Israel and reflects the hardest of lines from the regime rather than any possible compromise, Venezuela style.

It’s also time to take a deep breath and note energy expert Anas Alhajji is asking if this is a gigantic US error or part of a plan. 

I’d flagged 2026, besides telling 2025 to “hold my beer”, was logically going to see the US use its military to disrupt upstream supply chains heading to China to counterbalance the downstream and rare-earths midstream (i.e., processing) dominance Beijing can coerce it with. The goal was cheap commodities for them and pricey ones for others.

Alhajji takes this further to note that the US is *relatively* less impacted by the tidal wave of economic and market chaos heading our way: 

  • the US (with the Americas) is relatively energy self-sufficient: what if the US were to stop exporting oil, its historic policy norm, to bring WTI down sharply, for example? Could we, as others float, see $200 oil globally and $50 oil State-side?

  • Likewise, US LNG is now the lowest risk global choice: who will trust the Gulf as a secure provider again unless the entire region is brought under a true Pax Americana?

  • The US, with the Americas, is also self-sufficient in many commodities being choked off directly or indirectly via Hormuz. That includes fertilizer, which means US and LatAm food supplies could remain secure when others’ aren’t. It also includes helium, which allows for the manufacture of semiconductors, when others may be about to fall short.

By contrast, Europe is again in a bad position in this looming crisis, as are energy- and commodity-reliant Asian exporters already struggling with US tariffs.

China will have to rely on its stockpiles for a while, then Russia, which greatly strengthens Moscow’s hand in that relationship.

Perhaps this is paranoia or looking for a strategy in a geopolitical miscalculation; or it could have been a plan B if Iran didn’t ‘do a Venezuela’; or it might just be a happy coincidence the US can now take advantage of if it wishes.

Yet the Donroe Doctrine ‘Shield of the Americas’ project launched at the same time as Gulf War 3, the increased likelihood Cuba flips to the US camp, following the pressure on Greenland, and the evident lead set by US economic (and military) statecraft is quite the coincidence if this is all just random.

Indeed, it’s incredibly important to grasp that this *might* be the Great Game being played, because if it is, assuming “because markets” will bail us out (“Iran/Trump can’t let this happen”) could be false hope.

Oil vey, indeed.

Week ahead

Tuesday: sees more of Japan Q4 GDP, Aussie NAB business confidence, German trade data, Chinese trade data, and the US NFIB small business survey and existing home sales.

Wednesday: has US CPI. Again, irrelevant right now.

Thursday: it’s US trade data and initial claims, housing starts and building permits.

Friday: sees UK industrial production and trade data, Canadian employment, US personal income and spending and the PCE deflator, durable goods, initial claims, JOLTS data, and Michigan inflation expectations.  

Tyler Durden Mon, 03/09/2026 - 12:05

New York's Medicaid Program Under Federal Investigation For Alleged Fraud

New York's Medicaid Program Under Federal Investigation For Alleged Fraud

Authored by Sylvia Xu via The Epoch Times (emphasis ours),

Dr. Mehmet Oz launched a federal investigation into New York’s Medicaid program on March 3, citing the unusual spending trend in the state.

Dr. Mehmet Oz, administrator for the Center for Medicare and Medicaid Services, speaks at a press conference in the Library of the Eisenhower Executive Office Building in Washington on Feb. 25, 2026. Travis Gillmore/The Epoch Times

“Heart surgeons are trained to look at the numbers. When something doesn’t add up, you don’t ignore it; you investigate,” Oz, administrator of the Centers for Medicare and Medicaid Services and a former heart surgeon, said in a video posted on X.

“Right now, the numbers coming out of New York’s Medicaid program don’t add up,” he said.

New York far outspends other states on its Medicaid program, both on a statewide and per beneficiary basis, according to Oz’s letter to New York Gov. Kathy Hochul.

Numbers

New York’s Medicaid program spends more than $90 billion a year, the second-highest total in the nation, Oz said. That’s roughly 10 percent of the nation’s $900 billion in Medicaid spending for 2024.

New York’s average spending on each beneficiary is more than $12,500, which is 36 percent higher than the national average. The state’s per-resident spending is the highest in the country, nearly 80 percent higher than the national average.

As of January, about one-third of New Yorkers—6.7 million individuals—have enrolled in Medicaid.

That is nearly 14 percentage points higher than the national average of 20 percent Medicaid enrollment, according to November data from the federal government.

“That alone demands scrutiny, but it gets worse,” Oz said in the video.

In addition to New York’s Medicaid enrollment size, Oz cited the workforce delivering long-term care, particularly home-based personal care services, as another driver of New York’s high Medicaid spending.

Between 2023 and 2024, 38 percent of job growth in New York was from the home health and personal care aide category.

“Now, New York has turned this [Medicaid] program to help our most vulnerable into a massive jobs program reimbursed by federal taxpayers,” Oz said.

Personal care services include daily living assistance such as eating, bathing, and dressing. Patients need such services due to aging, chronic illness, or disability.

From 2023 through mid-2025, New York state provided personal care services for nearly 75 percent of its Medicaid enrollees at a cost of $45 billion.

In fiscal year 2024, the state’s Medicaid spending on personal care services was $18.5 billion, nearly 70 percent more than other states’ combined spending on this item, according to The Epoch Times’ analysis of open data from the U.S. Department of Health and Human Services.

“That level of utilization is unheard of,” said Oz.

New York state allowed problems such as being “easily distracted” to qualify for a personal care system, making personal care services the number one occupation in the state, Oz said.

Demand for Documentation

He said officials must send documents on how they handle fraud, waste, and abuse, or their federal payments will be put on hold.

“We ask hard questions; we expect an honest answer,” Oz said.

On March 4, Gov. Hochul said the Trump administration was targeting New York for political reasons. She added that she would “show them the facts” to prove them wrong and promised to help fight any actual fraud, according to The Associated Press.

The federal government temporarily deferred $259 million in Medicaid payments to Minnesota over alleged fraud on Feb. 25.

Oz said the money would be released after Minnesota proposes and acts on a “comprehensive corrective action plan to solve the problem.”

Minnesota sued the federal government on March 2 to stop it from withholding funding. The state warned that freezing these funds could force cuts to medical care for low-income residents.

Tyler Durden Mon, 03/09/2026 - 11:25

"Let Them Keep Playing Games": Iran Warns Of $200 Crude Oil

"Let Them Keep Playing Games": Iran Warns Of $200 Crude Oil

G-7 finance ministers are holding an emergency meeting on Monday morning to discuss options to cap skyrocketing energy prices, with Brent and WTI trading in triple-digit territory as the Middle East conflict threatens to unleash a global energy shock. As the U.S.-Iran conflict intensifies heading into the new week, the Islamic Revolutionary Guard Corps has warned of $200-a-barrel oil.

IRGC spokesman Ebrahim Zolfighari said on Monday that the U.S. has begun a new chapter in the conflict by targeting Iran's energy infrastructure.

"If they can afford the price of oil at $200 per barrel, let them keep playing this game," Zolfighari said in a video message posted by Al Jazeera on X.

Over the weekend, Israeli strikes on major oil facilities around Tehran, combined with production shut-ins by major Gulf producers and IRGC retaliatory attacks on energy facilities across the Middle East, sparked panic in energy markets worldwide, with Brent crude briefly topping $119 per barrel in Asian trading.

On Friday, Goldman analyst Daan Struyven wrote four reasons why oil prices are moving higher:

  • Shipping has stopped. We estimate that shipments passing through the Strait of Hormuz are down 90% from normal, curtailing 18 mbpd from the global market (~18% of global oil).

  • Pipeline pressures. We estimate only about 25% of the theoretical redirection of oil in the Middle East through pipelines is currently being achieved, partly due to physical disruptions. We estimate only ~0.9 mbpd are incrementally coming to market through Middle East pipeline initiatives.

  • No quick shipping solutions. Our conversations highlight that most shippers are in a wait-and-see mode while physical risks in the SoH are high.

  • Demand destruction may be necessary. With no supply relief in sight, oil prices may need to go to demand-destruction levels even more quickly than history and simple models focusing on Persian Gulf exports alone suggest.

Goldman's Rich Privorotsky commented on the speculation of SPR dumps, indicating:

Such a release would buy time. If the disruption proves temporary, a coordinated SPR release makes sense. If the disruption persists for months, those reserves might arguably be more valuable at higher prices or in a more acute shortage.

Additionally, energy economist Anas Alhajji warned UBS analysts last week about SPR limitations:

"The impact of the U.S. SPR is limited. Saudi Arabia is completely out of the picture. All of that spare capacity in OPEC is out of the picture. So what do we do? We are then left relying on demand destruction to curb"

Related:

What's evident is that Operation Epic Fury, which initially focused on military, nuclear, missile, and IRGC sites, is now targeting economic high-value assets, with Iran's Kharg Island now in focus (read). 

Tyler Durden Mon, 03/09/2026 - 11:05

Key Events This Week: CPI, PCE, ADP, Durable Goods And More

Key Events This Week: CPI, PCE, ADP, Durable Goods And More

With the Fed in their self-imposed blackout period, the economic data will get a chance to do the talking ahead of the March 18th FOMC meeting. Of particular note will be the inflation data, namely Wednesday’s CPI report for February and Friday’s core PCE reading for January, but there will also be some scattered labor market data to help put context around last Friday’s disappointing February employment report. Of course, all of that assumes that traders can be dragged away from the latest Iran war headlines fro more than 5 minutes. 

Turning to this week's main event, the February CPI report will get top billing. DB's expectations are for a 1.0% increase in energy prices to boost headline CPI (+0.27% forecast vs. +0.17% previous) relative to core (+0.24% vs. +0.30%). This translates to a year-over-year rate of 2.40% (vs. 2.39% previous), while the latter would tick down by 4bps to 2.46%. Within the CPI basket, DB looks for tariff-related strength in core goods, particularly apparel. In addition, recent gains in wholesale used car prices have the potential to begin adding to price pressures over the next couple of months. On the services side, expect more rental disinflation, though recent upward revisions to the repeat-rent indices suggest caution around the speed at which that can occur. Also look for payback from January’s particularly large increase in airfare prices, though recent moves in energy prices could add to airfares going forward. 

Also of note on the inflation front this week will be Friday’s personal income (+0.4% forecast vs. +0.3% previous) and consumption (+0.1% vs. +0.4%) report for January, which will contain that month’s reading on core PCE, the Fed’s preferred inflation measure. Based on the January CPI and PPI data, DB is expecting a 0.42% increase (vs. +0.36%), which would take the year-over-year rate up a tenth to 3.1%. The Fed will have to wait until the morning of their March 18th meeting for the PPI data to get a more complete read on February’s core PCE. Based on our component-level CPI forecasts, our prior expectation is for a 0.18% February gain, which would have the year-over-year rate decline to 2.8%.

In terms of the labor market data, ADP’s weekly data on Tuesday covering the week of February 21st will provide an initial view on net hiring trends beyond February’s survey week. Similarly, Thursday’s jobless claims and Friday’s January JOLTs release will give additional context on gross labor market flows.

The remainder of the data this week will help forecasters sharpen their views on current quarter growth. Growth data will also feature. Revisions to the second estimate of fourth quarter GDP (Friday) will update the baseline from which to judge early 2026 momentum. Tuesday’s existing home sales (3.81mn vs. 3.91mn) for February and Thursday’s housing starts (1.325mn vs. 1.404mn) and permits (1.450 vs. 1.455mn) for January will provide an update on the residential sector. We will also get a preliminary look into the health of the factory sector with January’s durable goods orders (+0.4% vs. -1.4% headline / +0.4% vs. +0.8% core) on Friday as well.

Friday will also see the preliminary release of the University of Michigan survey for March. While DB expects a decline in sentiment (55.0 vs. 56.6), due to the recent hostilities in the Middle East, also important for the Fed will be consumers’ inflation expectations.

Over in Europe, the focus will be on the monthly GDP for January in the UK (Friday), German January factory orders and industrial production (today) and the trade balance (tomorrow), and February CPIs in Norway and Denmark (both tomorrow).

Rounding out with earnings, there will be reports from Oracle and Adobe in the US as well as Inditex, Rheinmetall, Volkswagen and BMW in Europe. Finally, the focus will be on the Saudi Aramco earnings tomorrow amidst the big rise in oil prices last week.

Fed reaction

The emergence of shale production in the US has helped to limit the impact of oil price spikes on the economy. Indeed, within the Fed’s FRB/US model, a $20/bbl increase in oil prices only increases unemployment by about 2bps and has almost no impact on core PCE inflation. However, with downside risks to the labor market while inflation has run above target for almost five years in a row, the response for the Fed to such a supply shock is not clear. Indeed, looking at the Fed’s prior responses to energy shocks does not yield a regular pattern (see “What does history tell us about the Fed's response to oil price shocks?”). Sometimes, the Fed emphasized the threat to the inflation side of their dual mandate while other times, it sought to protect against any deterioration in the labor market.

In the current episode, with inflation expected to be on a downward trajectory, the market could give the Fed some leeway to “look through” another supply-side shock. That said, inflation has been too high for too long, and the latest data calls into question how much disinflation can reasonably be expected, especially if there are increases in measures of inflation expectations (e.g., Friday’s Michigan data). On the flipside, growth looks strong but there are concerns on a forward-looking basis, for example, due to the potential for AI to disrupt the labor market.

In summary, the February jobs report, as well as January’s, makes it clear that one month’s data should never be taken in isolation. San Francisco Fed President Daly made this point in the wake of last Friday’s release, noting that while February’s data gives her some concern, all the moving parts like the strike and the change in population controls make it harder to interpret.

While the more dovish members will likely point to the February employment report as justification for more policy support, the Committee, as a whole, will likely need more data to ascertain the underlying state of the labor market. We continue to expect the Fed to cut rates only once this year, should disinflationary pressures become clear in the second half of 2026. However, if February’s weakness is confirmed in subsequent months (not our base case), that could open a path to an earlier reduction

Courtesy of DB, here is a day-by-day calendar of events:

Monday March 9

  • Data: US February NY Fed 1-yr inflation expectations, China February CPI, PPI, Japan February Economy Watchers survey, bank lending, January labor cash earnings, BoP current account, trade balance, leading index, coincident index, Germany January factory orders, industrial production
  • Central banks: ECB’s Elderson speaks
  • Earnings: CATL, Constellation Software, HPE

Tuesday March 10

  • Data: US February NFIB small business optimism, existing home sales, China February trade balance, Japan February PPI, machine tool orders, M2, M3, January household spending, Germany January trade balance, France January trade balance, current account balance, Italy January PPI, Sweden January GDP indicator, Norway February CPI, Denmark February CPI
  • Central banks: ECB’s Simkus and Muller speak
  • Earnings: Saudi Arabian Oil, Oracle, Volkswagen, Partners Group
  • Auctions: US 3-yr Notes ($58bn)

Wednesday March 11

  • Data: US February CPI, federal budget balance
  • Central banks: Fed’s Bowman speaks, ECB’s Guindos and Schnabel speak
  • Earnings: Inditex, Rheinmetall, Telecom Italia
  • Auctions: US 10-yr Notes (reopening, $39bn)

Thursday March 12

  • Data: US January trade balance, housing starts, building permits, Q4 household change in net worth, initial jobless claims, UK February RICS house price balance, Canada January international merchandise trade, building permits
  • Central banks: Fed’s Bowman speaks, ECB’s Villeroy speaks
  • Earnings: Adobe, Generali, BMW, RWE, Dollar General
  • Auctions: US 30-yr Bond (reopening, $22bn)

Friday March 13

  • Data: US January PCE, personal income, personal spending, durable goods orders, JOLTS report, March University of Michigan survey, UK January monthly GDP, Germany February wholesale price index, January current account balance, Italy January industrial production, Canada January manufacturing sales, February labour force survey
  • Central banks: BoE inflation attitudes survey

Focusing on just the US, Goldman writes that the key economic data releases this week are the CPI report on Wednesday and the durable goods and core PCE reports on Friday. Fed officials are not expected to comment on monetary policy this week, reflecting the blackout period ahead of the March FOMC meeting. 

Monday, March 9 

  • No major economic data releases scheduled. 

Tuesday, March 10 

  • 10:00 AM Existing home sales, February (GS +0.5%, consensus -0.8%, last -8.4%) 

Wednesday, March 11 

  • 08:30 AM CPI (MoM), February (GS +0.18%, consensus +0.3%, last +0.2%); Core CPI (MoM), February (GS +0.17%, consensus +0.2%, last +0.3%); CPI (YoY), February (GS +2.34%, consensus +2.4%, last +2.4%); Core CPI (YoY), February (GS +2.42%, consensus +2.5%, last +2.5%): We estimate a 0.17% increase in February core CPI (month-over-month SA), which would lower the year-over-year rate by 0.1pp to 2.4% on a rounded basis. We expect softer autos inflation, reflecting a 0.5% decline in used car prices, a slight increase in new car prices (+0.2%), and a decline in the car insurance category (-0.3%). We expect a smaller contribution from travel services inflation (airfares: flat vs. +6.5% in January; hotels: +0.5% vs. -0.5% in January), reflecting signals from alternative price data. We forecast a benign increase in the shelter categories (rent: +0.22%, OER: +0.22%), reflecting a continued slowdown in their underlying trend. We expect unchanged medical services prices, reflecting a continued decline in medical insurance prices (-1.0%). We expect upward pressure from tariffs on categories that are particularly exposed (such as recreation) worth +0.05pp. We estimate a 0.18% rise in headline CPI, reflecting higher food (+0.1%) and energy (+0.5%) prices.

Thursday, March 12 

  • 08:30 AM Trade balance, January (GS -$63.0bn, consensus -$66.0bn, last -$70.3bn) 
  • 08:30 AM Initial jobless claims, week ended March 7 (GS 215k, consensus 215k, last 213k); Continuing jobless claims, week ended February 28 (consensus 1,850k, last 1,868k)
  • 08:30 AM Housing starts, January (GS -2.0%, consensus -4.6%, last +6.2%) 

Friday, March 13 

  • 08:30 AM Personal income, January (GS +0.6%, consensus +0.5%, last +0.3%); Personal spending, January (GS +0.3%, consensus +0.3%, last +0.4%); Core PCE price index, January (GS +0.39%, consensus +0.4%, last +0.4%); Core PCE price index (YoY), January (GS +3.07%, consensus +3.1%, last +3.0%); PCE price index, January (GS +0.30%, consensus +0.3%, last +0.4%); PCE price index (YoY), January (GS +2.85%, consensus +2.9%, last +2.9%): We estimate that personal income and spending increased by 0.6% and 0.3%, respectively, in January. We estimate that the core PCE price index rose 0.39% in January, corresponding to a year-over-year rate of +3.07%. Additionally, we expect that the headline PCE price index increased 0.30% in January, or increased 2.85% from a year earlier.
  • 08:30 AM Durable goods orders, January preliminary (GS +1.0%, consensus +1.1%, last -1.4%); Durable goods orders ex-transportation, January preliminary (GS +0.5%, consensus +0.5%, last +1.0%); Core capital goods orders, January preliminary (GS +0.5%, consensus +0.5%, last +0.8%); Core capital goods shipments, January preliminary (GS +0.6%, consensus +0.5%, last +1.0%): We estimate that durable goods orders increased by 1% in the preliminary January report (month-over-month, seasonally adjusted), reflecting an increase in commercial aircraft orders. We forecast a 0.5% increase in core capital goods orders and a 0.6% increase in core capital goods shipments—the latter reflecting the increase in orders in the prior month.
  • 08:30 AM GDP, Q4 second release (GS +1.6%, consensus +1.4%, last +1.4%); Personal consumption, Q4 second release (GS +2.4%, consensus +2.4%, last +2.4%): We estimate a 0.2pp upward revision to Q4 GDP growth to +1.6% (quarter-over-quarter annualized). Our forecast reflects a downward revision to business fixed investment growth based on softer software spending details in the quarterly services survey (QSS) that is more than offset by upward revisions to residential fixed investment and inventory accumulation. We estimate a modest upward revision to consumer spending that leaves the rounded Q4 growth rate unchanged at 2.4%.
  • 10:00 AM University of Michigan consumer sentiment, March preliminary (GS 54.5, consensus 55.3, last 56.6): University of Michigan 5-10-year inflation expectations, March preliminary (GS 3.5%, last 3.3%)
  • 10:00 AM JOLTS job openings, January (GS 7,000k, consensus 6,750k, last 6,542k)

Source: DB, Goldman

Tyler Durden Mon, 03/09/2026 - 10:55

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