Nomura's Wang: US Can Absorb More Rate Hikes
Nomura CIO Julia Wang suggests the US economy is strong enough to handle further interest rate hikes. Factors supporting this growth include robust consumer spending, AI investment, and fiscal policy.
Nomura North Asia CIO Julia Wang believes the US economy remains resilient enough to absorb additional rate hikes without tipping into a recession. She cites strong consumer spending, ongoing AI capital expenditure, and loose fiscal policy as key drivers supporting growth. (Source: Bloomberg)
READ NEXT
More on the wire
AI TLDR
Iran has denied involvement in a suspected plot targeting a U.S. air base in England. Five individuals were arrested near R.A.F. Fairford after explosives were discovered in the area.
FROM THE PUBLISHER
Will you need a parka and a shovel or an umbrella and a sweater this winter?
AI TLDR
Volkswagen announced it will replace the ID.4 crossover with the new all-electric ID.Tiguan. The company believes using the established Tiguan nameplate will help drive consumer interest in its electric vehicle lineup.