UBS On-Air: Paul Donovan Daily Audio 'The good life'

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Recorded28 Nov 2024

Publishersecure.ubs.com

Handlerec:4543249

Show notes

US data on income and spending confirms that the US consumer has money and is prepared to spend it. There was not, perhaps, much doubt of the latter point. US living standards continuously reach new highs (at least as measured in economic terms). The personal consumer expenditure deflator offered no surprises with regard to inflation—though it did show that inflation was more driven by supply problems than demand (according to Federal Reserve analysis).

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