Our economy is displaying remarkable resilience! 💪
Despite predictions of a looming recession, we've managed to hold our ground. With homeowners benefiting from low fixed rates, extra income allows for increased spending. However, rising costs like taxes and insurance may impact the housing market. 🏠💰
Speaking of costs, inflation remains a concern. Prices are sticky, especially for non-housing services, causing personal consumption expenditure to rise by 4.6% compared to last year. This trend reminds us that financial planning is vital in uncertain times. 💵
While we navigate these economic waters, let's not forget the global impact of AI and technology. 🌍⚙️ AI is deflationary, driving down costs and revolutionizing industries. It's estimated that AI will contribute a staggering $15.7 trillion to the global economy by 2030! 🤖
As we explore market indicators like copper prices and manufacturing data, let's keep an eye on emerging trends and the unpredictable commercial mortgage market. 🏭📈
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