he economic data due out in what for many will be a holiday-shortened week is unlikely to change macro-economic picture:
• Even though the US economy is strengthening after a dismal first quarter, the peak in the Fed’s balance sheet is still the better part of six months out, and the first rate hike is more than a year away.
• China, the world’s second largest economy, has slowed, though the focus is just as much on the financial sector, where the yuan has weakened and financial conditions have tightened.
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Created by taylor_timebomb
18 min 50 sec ago – Made popular 17 min 54 sec ago
Category: General Finance