Jason Hollands

The US: Stars, Stripes and Share Buybacks

As Americans celebrate their Independence Day public holiday this Wednesday with barbecues, picnics, parades and fireworks, they do so against the backdrop of an economy that is in rude health. Unemployment is at an 18-year low of 3.8 per cent, wage growth appears to be stabilising at around 2.7 per cent, business investment is up and lower taxes are having a positive impact.