Shoppers at the Apple Fifth Avenue store in New York. The US economy is showing surprising resilience amid strong retail sales and consumer confidence. Photo: Bloomberg
Shoppers at the Apple Fifth Avenue store in New York. The US economy is showing surprising resilience amid strong retail sales and consumer confidence. Photo: Bloomberg
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

Why the world is waiting for a sharp slowdown in the US economy

  • The Fed’s abrupt shift in policy has wreaked havoc on markets the world over, pummelling currencies, bonds and commodity prices
  • The US central bank’s fight against inflation is likely to inflict more pain on other countries, unless the American economy slows enough to force an end to the tightening campaign

Shoppers at the Apple Fifth Avenue store in New York. The US economy is showing surprising resilience amid strong retail sales and consumer confidence. Photo: Bloomberg
Shoppers at the Apple Fifth Avenue store in New York. The US economy is showing surprising resilience amid strong retail sales and consumer confidence. Photo: Bloomberg
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