Reported 11 months ago
RBC Capital Markets US economist Michael Reid sees the economy entering a phase of 'normalization,' as recent data indicators point towards a balanced market. Retail sales reports show signs of economic normalization, with slight consumer spending pullback. Job reports present a mixed landscape, suggesting growth will continue with some weaknesses. Reid also discusses the implications of recent tariffs announced by the Biden administration, foreseeing potential benefits for sectors like semiconductor industry in the long run, despite election-related volatility.
Source: YAHOO