Lessons From Last Week’s US Economic Data Dump and Black Friday
Shoppers cross a street on Black Friday in the SoHo neighborhood of New York, US, on Friday, Nov. 29, 2024.
Photographer: Yuki Iwamura/BloombergI’m Cécile Daurat, an economics editor in the US. Today we’re looking at last week’s onslaught of data in the US. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here.
“Animal spirits” have engulfed the markets since the election of Trump and the Republican sweep in US Congress, fueled by the prospect of business-friendly deregulation and low taxes.