Joining me now is satyam panday, Chief Us and Canada Economist at S P global ratings. Satyam, what are the key elements here that youre looking at that mean theres going to be a drag on growth . We are mostly focused on the consumer sector, we are mostly focused on the consumersector, like we are mostly focused on the consumer sector, like you mentioned in your opening statement. We are starting to see some Consumer Caution creep up, see some Consumer Caution creep up, especially given how the Labour Market has moderated, we have also seen the real Income Growth so often, and that means most likely moving forward, the same type of growth coming from Consumer Spending iS Probably going to be softer, and if you think about the Consumer Spending, you have to look at the taxes being collected state and local site, so the Upside Surprise we have seen from the state and local Government Spending is also going to be softened moving forward. Put it all together, it is the consumers that are go
As well as driverless systems. There is currently minimal use of chinese or russian made software in american cars, but commerce secretary gina raimondo said the plans would reduce the chances of us drivers having their personal data stolen. Chinese officials said the concept of national security was being broadened to unfairly target chinese firms. The proposed ban is part of a much broader struggle between the us and china, the world s two biggest economies, overthe technologies of the future. Boeing has offered factory workers a 30% pay rise over four years, as it tries to end a strike which has shut down its manufacturing facilities in the us pacific northwest. The plane maker also offered to reinstate a performance bonus and improve retirement benefits if workers accept the offer by friday. The strike, which began earlier this month, involves over 30,000 workers in portland and seattle. India s prime minister narendra modi has wrapped up a three day trip to the united states. The
If enacted, it would focus on tech that connects vehicles to the outside world, such as bluetooth, as well as driverless systems. There is currently minimal use of chinese or russian made software in american cars, but Commerce Secretary Gina raimondo said the plans would reduce the chances of us drivers having their personal data stolen. Chinese officials said the concept of National Security was being broadened to unfairly target chinese firms. The proposed ban is part of a much broader struggle between the us and china, the worlds two biggest economies, Overthe Technologies of the future. Boeing has offered Factory Workers a 30 Pay Rise over four years, as it tries to end a strike which has shut down its Manufacturing Facilities in the us pacific northwest. The Plane Maker also offered to reinstate a Performance Bonus and improve Retirement Benefits if workers accept the offer by friday. The strike, which began earlier this month, involves over 30,000 workers in portland and seattle
Cut of half a Percentage Point on wednesday has spurred investors sending us markets into record highs. Traders cheered the Central Banks big call cutting the main Interest Rate to between 4. 75 and 5 . Opening the door with a bang on the first rates Easing Cycle in more than four years. President biden hailed the move as good news for consumers but said there was more work to be done in taming inflation. Lets be clear. The fed lowering Interest Rate is not a declaration of victory, its a declaration of victory, its a declaration of victory, its a declaration of progress. Its a Signal Weve entered a new phase for a colony and are recovery. I believe its important for the country to recognise this process because we dont, the progress we made will remain locked in the fear of negative mindset dominating our economic outlook since the pandemic began. Fed officials have made it clear that this cut was only the beginning and investors seem to have liked what they heard. For more, lets get