UBS On-Air: Paul Donovan Daily Audio 'No holiday from inflation'
UBS On-Air: Market Moves - En podcast av Client Strategy Office
US personal income and consumption data is due, with strength expected in consumption (funded by savings and credit). Partly, this is due to the unremitting hedonism of the US consumer. Low unemployment will also help; while this has not translated into pay bargaining power, it gives a level of job security that reduces the need to save as an insurance against an uncertain future.
