Slok agrees with consensus that the US economy will accelerate next year and cites the federal budget's boost: the Congressional Budget Office estimates the package could add about one percentage point to growth. Given labor market resilience and inflation risks, he sees December rate cuts as inappropriate. #US #fiscal #rates #FiatNews

Slok pointed to a clear divergence on US equity markets: profit margins and expectations for the "big seven" tech companies are moving differently from the rest of the market, creating a notable split in performance. #tech #equities #FiatNews