The market strategist at BBH said in a report that the US economy is still in good shape, limiting the downside potential for 10-year US Treasury yields and the US dollar. The annual growth rate of the US economy is much higher than the long-term growth rate of 1.8%. Importantly, the stable condition of the US labor market indicates that consumer spending will continue to be the main driver of economic growth.
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The market strategist at BBH said in a report that the US economy is still in good shape, limiting the downside potential for 10-year US Treasury yields and the US dollar. The annual growth rate of the US economy is much higher than the long-term growth rate of 1.8%. Importantly, the stable condition of the US labor market indicates that consumer spending will continue to be the main driver of economic growth.