Analysts at Citi group offer their take on the US economy, in the wake of the Fed’s tightening cycle and Trump’s fiscal stimulus.
“Expect any pause or turn in the rate cycle to have a quick effect.
Those sectors of the economy sensitive to rates (citing housing, autos) showing weak underying trend.
Surge in fiscal stimulus a sugar high, awkwardly impacting US economy.
Large budget deficit, rundown of balance sheet, foreigners less keen on the US debt.
Markets not pricing much ECB tightening.”
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