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UBS On-Air: Market Moves brings you beyond the highs and lows of the ticker, with conversations that can broaden your thinking about market behavior
UBS On-Air: Paul Donovan Daily Audio 'Consuming savings'
UBS On-Air: Market Moves
2 minutes 49 seconds
1 week ago
UBS On-Air: Paul Donovan Daily Audio 'Consuming savings'
Today we get information on the US consumer—but unfortunately it is a mix of old data and misdirection. September personal income and spending numbers (and the consumer expenditure deflator) should show the US consumer spending even as inflation pressures have built. Since April, consumer durable goods prices have added to inflation (having previously reduced it), for instance. However consumers have cut their savings rate to cover the price increases, keeping consumption stable.
UBS On-Air: Market Moves
UBS On-Air: Market Moves brings you beyond the highs and lows of the ticker, with conversations that can broaden your thinking about market behavior
