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How do you view the state of the economy in the US today? - Thorsten Becker

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1. How do you view the state of the economy in the US today?

Video transcript

1. How do you view the state of the economy in the US today?

I would say it's much more robust than people give it credit for, so we had a bit of a temporary slowdown in late December or the late fourth quarter. Now, it looks like the housing market is actually doing quite well. The unemployment numbers are excellent. Wages are growing faster than expected. Overall, I would say the business and investment climate is actually quite strong. So, if you look at shorter term numbers, first quarter GDP estimates are going up. People are also quite happy that the Federal Reserve is on pause now, and I think the risk is more that the economy's going to be too strong, rather than too weak. Perhaps I would continue to see what Powell has to say.