US rate hikes to continue

Monday, 29 May 2023

As the AI bubble in equities drives late-cycle economic activity, the US Federal Reserve will have to resume rate hikes.

Friday’s Personal Consumption Expenditures were very strong and there are other signs too. Wells Fargo has more.

Economic Resilience on Full Display in April

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.