Flashing red: Trump’s war could crack sharemarkets
The article discusses the disconnect between Wall Street's performance and the actual state of the economy amid ongoing geopolitical tensions. Despite some positive indicators, such as GDP growth and a resilient job market, consumer sentiment has plummeted to record lows. The situation is complicated by rising inflation and expectations for interest rate changes from the Federal Reserve.
- ▪The S&P 500 suggests a booming economy, but consumer sentiment is at a record low of 44.8.
- ▪Recent GDP data indicates an annualized growth of 2 percent, supported by increased capital spending.
- ▪Inflationary pressures are rising due to geopolitical tensions, complicating the Federal Reserve's response.
Opening excerpt (first ~120 words) tap to expand
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.