Consumption is the typically the last sector hit by an economic recession. In the U.S., consumption is holding up, but much of it is coming from credit-backed auto sales.
See Bloomberg for a discussion: The U.S. Economy Needs to Kick Its Car Habit
RBA oil tanker swings dovish
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The Reserve Bank of Australia (RBA) has released its March Monetary Policy
Decision, which, as expected, kept the official cash rate (OCR) on hold at
4.3...
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