The US economy: suspended animation

This article discusses geopolitical tensions in Asia, specifically China’s actions towards the Philippines and rising India-Pakistan tensions, amidst a backdrop of a strong U.S. economy. Despite recent volatility, economic indicators like stable jobless claims and rising retail sales suggest little impending trouble, with markets remaining optimistic about the resolution of trade conflicts. Consumer companies like Colgate and Procter & Gamble report a temporary ‘pause’ in consumer spending due to uncertainty, yet they anticipate a rebound as conditions stabilize.