In focus today Focus in the euro area is on retail sales for December. Private households are still cautious with spending despite the strong labour market and large savings from the previous years. We expect private consumption to improve during 2024 as real income rises, but the December 2023 print will likely show muted retail […]
Markets After a rather clear, straightforward narrative earlier this month including a presumed European reflation and at the same time risks for the US to slip into stagflation dynamics, global markets this week entered a more erratic wait-and-see pattern. Amongst others, the April 2 ‘Liberation Day’ tariffs are looming large. The March US consumer confidence […]
The post Moody’s Warned the US for Deteriorating Fiscal Outlook appeared first on Action Forex.
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