BRIAN KANTOR: Recessions are viewed through the back window
If inflation is subdued, lower rates may soon follow visible weakness in the US economy
20 October 2023 - 05:00
UPDATED 20 October 2023 - 09:07
The odds of a US recession in the next 12 months have receded in light of the continued willingness of US households to spend more — despite far higher interest rates and reductions in the supply of money and bank credit.
US spending on goods and food services rose 0.7% in September on top of a robust increase of 0.8% in August. The annual increase in retail sales is 3.7%, and the increase over the past three months is running at an annual equivalent of 8%...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.