Not giving up
Friday 30th June 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThe resilience in the US economy is not giving in. Q1 GDP was revised up, showing 2 percent growth QonQ, whilst consumer spending was up 4.2% on the quarter. NAB’s Gavin Friend points out, Q1 was a while ago now, and everyone knew it was a strong quarter. Yet a fall in jobless claims added to the idea that the Fed has more work cut out to bring down inflation, hence a strong move up in bond yields. Australia too is showing resilience, reinforced by yesterday’s retail numbers. And…
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