J.P. Morgan Asset Management - The Weekly Brief

05.02.2019 11:17 - JPMorgan Asset Management (Switzerland) LLC

J.P. Morgan Asset Management - The Weekly Brief

Ein robuster Arbeitsmarkt und steigende Löhne tragen dazu bei, dass die US-Konsumenten Marktdaten

ihre aktuelle Situation positiv einschätzen. Dies geht aus der unten stehenden Grafik hervor.

Die Erwartungen der Verbraucher für die nächsten sechs Monate sanken im Januar allerdings

deutlich auf den niedrigsten Stand seit über zwei Jahren, sodass auch der Gesamtindex

nachgegeben hat. Möglicherweise ist dieser Einbruch zum großen Teil eine Folge des jüngsten

„Shutdowns“ (Regierungsstillstands) – dem längsten der US-Geschichte – und daher nicht

unbedingt ein Indiz für einen baldigen Konjunkturabschwung. Dennoch: Da der

Konjunkturausblick ungewisser geworden ist, wird die US-Notenbank Federal Reserve sowohl

diesen Indikator als auch andere wichtige Datenpunkte aufmerksam beobachten, während sie

für 2019 zu einer geduldigeren und datenabhängigen Geldpolitik übergeht

JPMAM_The Weekly Brief_04.02.2019.pdf

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