Gift cards on display near a check out at an Aldi Store. The German chain is known for low prices on its private-label items, and it now plans to spend US$3.4 billion over the next five years to open 900 supermarkets, the company said in June. Photographer: Daniel Acker/Bloomberg Gift cards on display near a check out at an Aldi Store. The German chain is known for low prices on its private-label items, and it now plans to spend US$3.4 billion over the next five years to open 900 supermarkets, the company said in June. Photographer: Daniel Acker/Bloomberg
Gift cards on display near a check out at an Aldi Store. The German chain is known for low prices on its private-label items, and it now plans to spend US$3.4 billion over the next five years to open 900 supermarkets, the company said in June. Photographer: Daniel Acker/Bloomberg
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

US personal consumption levels catch Fed’s eye as it considers next policy moves

The proposed expansion of discount chains such as Germany’s Aldi and Lidl in the United States, isn’t easily ignored

Gift cards on display near a check out at an Aldi Store. The German chain is known for low prices on its private-label items, and it now plans to spend US$3.4 billion over the next five years to open 900 supermarkets, the company said in June. Photographer: Daniel Acker/Bloomberg Gift cards on display near a check out at an Aldi Store. The German chain is known for low prices on its private-label items, and it now plans to spend US$3.4 billion over the next five years to open 900 supermarkets, the company said in June. Photographer: Daniel Acker/Bloomberg
Gift cards on display near a check out at an Aldi Store. The German chain is known for low prices on its private-label items, and it now plans to spend US$3.4 billion over the next five years to open 900 supermarkets, the company said in June. Photographer: Daniel Acker/Bloomberg
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Neal Kimberley

Neal Kimberley

UK-based Neal Kimberley has been active in the financial markets since 1985. Having worked in sales and trading in the dealing rooms of major banks in London for many years, he moved to ThomsonReuters in 2009 to provide market analysis. He has been contributing to the Post since 2015 and writes about macroeconomics from a market perspective, with a particular emphasis on currencies and interest rates.