'Extremely Solid' Gains for US Economy: Swonk
Market Intelligence Analysis
AI-PoweredThe US economy experienced strong gains in existing home sales and retail sales in November, but employment growth was weaker due to companies absorbing the impact of tariffs.
Market impact analysis based on bullish sentiment with 80% confidence.
Article Context
The US saw a boost to existing homes sales and a pickup in retail sales in November. However, KPMG Chief Economist Diane Swonk says weaker employment growth can be traced to companies absorbing the impact of tariffs. She speaks with Scarlet Fu on "Bloomberg Markets." (Source: Bloomberg)
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