Videos & Podcasts

Macro Matters

Strong US payrolls not the whole story

As at 7 June 2024

In this video Gavyn Davies, Executive Chairman and Co-founder and Andy Bevan, Partner and Economic Advisor discuss:

  • US payroll employment report stronger than expected
  • Other labour market indicators are consistent with cooling conditions
  • Gradual progress on the Fed’s employment and inflation mandate still intact
  • Fed’s dots to remain consistent with two rate cuts by yearend
  • No clear guidance from the ECB on the policy outlook
  • Lower rate path in Canada justified by underlying fundamentals
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