Partner Insight: T. Rowe Price's 2024 Global Market Outlook
U.S. consumers are still flush with cash
(Fig. 3) Checkable deposits and currency holdings of U.S. households
As of June 30, 2023. Source: U.S. Federal Reserve Board.
Consumer spending has been the most resilient driver of growth, due to the strength of the US labour market. At the end of September 2023, there were 9.6 million open jobs available for the 6.4 million unemployed workers in the U.S. labour force
This post was funded by T. Rowe Price
Important Information
For professional clients only. Not for further distribution.
This material is being furnished for general informational purposes only. The material does not constitute or undertake to give advice of any nature, including fiduciary investment advice, and prospective investors are recommended to seek independent legal, financial and tax advice before making any investment decision. T. Rowe Price group of companies including T. Rowe Price Associates, Inc. and/or its affiliates receive revenue from T. Rowe Price investment products and services. Past performance is not a reliable indicator of future performance. The value of an investment and any income from it can go down as well as up. Investors may get back less than the amount invested.
The material does not constitute a distribution, an offer, an invitation, a personal or general recommendation or solicitation to sell or buy any securities in any jurisdiction or to conduct any particular investment activity. The material has not been reviewed by any regulatory authority in any jurisdiction.
Information and opinions presented have been obtained or derived from sources believed to be reliable and current; however, we cannot guarantee the sources' accuracy or completeness. There is no guarantee that any forecasts made will come to pass. The views contained herein are as of the date noted on the material and are subject to change without notice; these views may differ from those of other T. Rowe Price group companies and/or associates. Under no circumstances should the material, in whole or in part, be copied or redistributed without consent from T. Rowe Price.
The material is not intended for use by persons in jurisdictions which prohibit or restrict the distribution of the material and in certain countries the material is provided upon specific request.
It is not intended for distribution to retail investors in any jurisdiction.
This material is issued and approved by T. Rowe Price International Ltd, 60 Queen Victoria Street, London, EC4N 4TZ which is authorised and regulated by the UK Financial Conduct Authority. For Professional Clients only.
© 2023 T. Rowe Price. All rights reserved. T. ROWE PRICE, INVEST WITH CONFIDENCE, and the bighorn sheep design are, collectively and/or apart, trademarks or registered trademarks of T. Rowe Price Group, Inc.
The Penny Drops: Understanding The Complex World Of Small Stock Machinations
Micro-cap stocks, often overlooked by mainstream investors, have recently garnered significant attention due to rising c... Read more
Current Economic Indicators And Consumer Behavior
Consumer spending is a crucial driver of economic growth, accounting for a significant portion of the US GDP. Recently, ... Read more
Skepticism Surrounds Trump's Dollar Devaluation Proposal
Investors and analysts remain skeptical of former President Trump's dollar devaluation plan, citing tax cuts and tariffs... Read more
Financial Markets In Flux After Biden's Exit From Presidential Race
Re-evaluation of ‘Trump trades’ leads to market volatility and strategic shifts.The unexpected withdrawal of Joe Bid... Read more
British Pound Poised For Continued Gains As Wall Street Banks Increase Bets
The British pound is poised for continued gains, with Wall Street banks increasing their bets on sterling's strength. Th... Read more
China's PBoC Cuts Short-Term Rates To Stimulate Economy
In a move to support economic growth, the People's Bank of China (PBoC) has cut its main short-term policy rate for the ... Read more