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Weekly Economic Perspectives - US Builders Rush To Meet Peak Demand

Chief Economist

Weekly Economic Perspectives

  • The Economy
    Personal income and spending retreat in the US. UK labor market weaker than the deadline unemployment rate suggests. Eurozone manufacturing activity accelerates but services still in contraction. Modest improvement in Japanese PMIs.
  • The Market
    A late-week equity rally leaves most markets up for the week. Bond yields softened globally. A sizable gain for the US dollar. Oil ends little change after a late-week revival.