Tallbonanza fra USA: – Dette blir kjempeviktig

The United States will release important economic figures next week, according to Olav Chen, head of allocation and global rates at Storebrand Asset Management. Among these are the August ISM index for purchasing managers, which has shown strong momentum and suggests a robust US economy. He notes that many have feared a VM effect spilling over, but the industry outlook appears positive, driven by strong investments in AI and infrastructure.

Chen highlights upcoming labor market data, with the Jolts index due on September 1st and nonfarm payrolls on September 6th. These figures could determine the next interest rate move, as they may indicate whether the economy is creating enough jobs to justify an increase in borrowing costs. In the US, Federal Reserve Chair Kevin Warsh warned that inflation remains too high at 3.7%, aiming to reduce it to the 2% target.

His remarks have increased the likelihood of rate hikes in September. Meanwhile, Norwegian real estate firm Eiendom Norge reports housing price statistics for the month, suggesting that the potential for a September interest rate hike is still present. US central bank Norges Bank kept rates unchanged at 4.25% in its last meeting, with an option for a hike.

Chen believes that inflation will not come as a surprise, and he expects a rate hike in September. The talk of possible rate hikes has not deterred investors, who still believe it's likely to happen.