Equities benefit from stronger US economy

The US economy continues on track for a softlanding as further hikes in interest rates look unlikely. The signs that the economy is slowing down are still present. It is believed that the slowing in consumer spending in Q2 will continue due to the flattening in equity prices, a rising household debt burden, the oil price tax and a satiated demand for consumer goods. PPI core consumer goods prices fell for only the fourth time in the last 2.5 years. CPI remained relatively quiet for the goods sector, while inflation rose slightly in the service sector. Retail sales rose by 0.4% from the ...