Commerce Secretary Lutnick says it is reasonable that the US could see 6% growth in Q1; says US will see large manufacturing job growth in 2026
Newsquawk Staff ·
Commerce Secretary Lutnick says it is reasonable that the US could see 6% growth in Q1; says US will see large manufacturing job growth in 2026.
What it means
Commerce Secretary Lutnick's comments suggest an optimistic outlook for the US economy, projecting a 6% growth in Q1 and substantial manufacturing job growth by 2026. This could indicate a stronger economic recovery that may influence expectations around monetary policy and potentially impact asset prices across equities and fixed income as investors reassess growth trajectories.
- UK OBR forecasts GDP growth slowing from 1.25% in 2026 to 1.0% in 2027, while CPI inflation is expected to reach 3.5% in 2027 (vs prev. 2% seen in March)
- Italian PM Meloni’s government is set to pass EU-compliant budget for 2027, according to FT
- Japanese Finance Minister Katayama says watching market trends with a high sense of urgency
- UK Chancellor Healey is to reverse cuts to cash ISA allowances in which he will use Wednesday’s Budget to maintain tax-free limit at GBP 20,000 a year, reversing a plan by his predecessor Rachel Reeves, according to FT
- UK Chancellor Healey prepares to slash household gas bills by GBP 50, according to Telegraph
Related headlines
- [MARKET ANALYSIS] DXY holds above 102.00; Antipodeans modestly outperform, and USD/JPY eyes a hefty 157.85 expiry1 day ago
- French Finance Minister Lescure says France must appease protesters without extra spending and that the government can come up with creative solutions without widening the budget deficit, according to FT1 day ago
- Japan's Finance Minister Katayama says will respond to FX trade damage with a sense of urgency1 day ago
- UK Chancellor unveils five everyday fixes to ease household costs, support working families and end the Carer’s Allowance cliff edge ahead of Wednesday’s Budget, according to the government1 day ago
- Newsquawk Daily European Opening News - 26th October 20262 days ago
- Japanese PM Takaichi says she wants results on tax cut and oil diversification bills2 days ago
- UK Prime Minister's office says the UK is to spend an additional GBP 432mln to help curb homelessness2 days ago
- Newsquawk Daily Asia-Pac Opening News - 26th October 20262 days ago
- UK Chancellor Healey will use his budget this week to protect pensioners and those saving for their retirement as he announces plans to shield nearly one million people from paying income tax, according to The Times2 days ago
- US Midterm Preview: Democrats Favoured to Flip the House, Senate Too Close to Call4 days ago
- Newsquawk Daily European Opening News - 23rd October 20265 days ago
- Japan's Economy Minister Kiuchi says government decision whether to declare official end to deflation will be made looking comprehensively at CPI, GDP deflator and background behind moves in underlying inflation5 days ago
- Newsquawk Daily Asia-Pac Opening News - 23rd October 20265 days ago
- Canadian PM Carney launches a strategic partnership with Turkey, backed by a three-year action plan6 days ago
- PRE-MARKET AUSTRALIAN STOCK NEWS: CSL names new CEO and faces class action; Fortescue Q1 sales hit by CMRG talks; Garda upgrades FY27 guidance on AUD 300mln portfolio sale6 days ago