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Weekly Economic Perspectives - Another Fiscal Boost To US Household Income

Chief Economist

Weekly Economic Perspectives

  • The Economy
    US personal income surges on fiscal transfers. UK employment declines further. German GDP is revised higher. Manufacturing activity bounces back in Japan. Australia’s fourth quarter capex surprised on the upside.
  • The Market
    Equities in broad volatile retreat amid rising yield worries. Australian spike leads broader move higher in yields. The US dollar gets a bid, the Aussie does not. Oil rebounds, but gold is hurt by higher bond yields.