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Data● Neutral for Indian equities
Americans get back to their spending ways. Economy might be speeding up again.
The brief
- US consumer spending snapped back in August after a brief lull
- The report cites mounting evidence that the US economy is accelerating despite a series of strains
- US PCE inflation rises 0.3% in August as consumer spending surges
- India's Drought Risk: Which Stocks Could Feel The Impact Of A Weak Monsoon And Rural Demand Shock?
- El Nino, water constraints cast shadow over rural demand
- Markets pricing an excessive 125bps rate hike over the next one year: Nomura
- FMCG Sector Under Pressure As Rural Volumes Fall 5% In June Quarter: NielsenIQ