murkaslots| Yuxin Bank: U.S. nominal PCE in April is expected to slow to 0.2%, retail sales report is poor

editor2024-05-26 14:18:226Academia

News summary

Yuxin Bank expects nominal U.S. PCE to slow down to 0 in Aprilmurkaslots.2%murkaslots, affected by the cooling of the labor market, the exhaustion of savings among low-income groups and restrictive monetary policies.

Newsletter text

Yuxin Bank analysis pointed out that the United States in AprilmurkaslotsRetail sales data failed to meet market expectations, and nominal personal consumption expenditure (PCE) growth in April is expected to increase from 0.0% in the previous month.murkaslots.8% dropped to 0.2%. This forecast is mainly based on the gradual cooling of the labor market, the decline in savings of low-income households and the current restrictive monetary policy.

murkaslots| Yuxin Bank: U.S. nominal PCE in April is expected to slow to 0.2%, retail sales report is poor

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