The Federal Reserve San Francisco branch have published a piece in which they conclude that excess US savings may be much larger than previously estimated and is likely to last into the middle of 2024.
- latest update implies that around $430 billion of excess savings remains in the aggregate economy.
This is supportive of a soft landing for the US economy ahead.
Bullish!
This article was written by Eamonn Sheridan at www.forexlive.com.
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