UBS On-Air: Market Moves
UBS On-Air: Paul Donovan Daily Audio 'An important day in the US'
31 May 2024
We get fresh evidence on the hedonism of the US consumer, with personal income and spending numbers. The personal consumer expenditure deflator will be the markets’ focus. This is less influenced by the nonsense of owners’ equivalent rent than is consumer price data. There are other notable differences (like motor insurance). Overall, the inflation data is expected to stay steady.
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