David McNamara: US economy may be succumbing to uncertainty
US president Donald Trump and Federal Reserve chairman Jerome Powell. Picture: AP/Julia Demaree Nikhinson
Following a bumper week of macro data and tariff announcements, the durability of the US economy to the current uncertainty is being called into question by markets and forecasters for the first time since the post Liberation Day period in April.
A strong economy has supported markets and the US dollar of late, but this unwound somewhat at the end of last week, as investors were roiled by an exceptionally weak US jobs report.
