New Zealand Ministry of Foreign Affairs & Trade (MFAT) has released its weekly economic report with some interesting developments for the US economy.
Labour productivity increased by 2.3% annually in the second quarter, with labour costs rising at their slowest pace in over two years.
This productivity growth, which has been notable over the past 18 months, indicates a healthier long-term economic outlook for the US.
Additionally, the Federal Reserve’s potential decision to reduce baseline interest rates in September could signal an end to tight monetary policy, providing welcome news to markets.
Read more about this and other economic matters in the report on their website: MFAT Economic Report.