Hopeful data suggests US is heading for ‘no landing’

Tueday 2nd April 2024NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThe US manufacturing ISM this morning was stronger than expected. Phil asks NAB’s Ray Attrill if we are seeing more soft-landing evidence from the US, with the Core PCE deflator read on Friday showing prices are rising just 2.8% year on year, whilst spending is rising, and job claims fell last week? Rau suggests its more of a ‘no landing’ situation, if the data holds out. There was good news from China too over the weekend. It might be a short week, but it’s a busy one. Phil and Ray talk through what to expect. Hosted on Acast. See acast.com/privacy for more information.