US: Economy strong and resilient – Westpac

According to Elliot Clarke, senior economist at Westpac, real economic sentiment of US economy can only be described as strong and resilient.

Key Quotes

“Measures of consumer confidence are materially above average, with broad– based strength across key components. For businesses large and small, this is also the case. In stark contrast however is investor sentiment.”

“In markets, the uncertainty is palpable. Irrespective of the economy’s underlying strength, if the market reacts poorly to the FOMC’s upcoming rate decisions, then the Committee may be forced to stop in its tracks.”