Videos & Podcasts
Macro Matters
US inflation and the global central banks
As at 26 April 2024
In this video Gavyn Davies, Executive Chairman and Co-founder and Andy Bevan, Partner and Economic Advisor discuss:
- While the overall US GDP growth rate shows a slowdown, domestic final sales are consistent with robust underlying demand
- Recent inflation data may cause the Fed to sound more cautious on rate cuts and warn that financial conditions are not sufficiently restrictive
- The ECB will likely cut rates in June, despite growing indications of a pick-up in economic activity
- The Bank of Japan is waiting for more evidence of wage increases before tightening
- The yen’s ongoing depreciation benefits corporate profits in Japan but could spell risks for global markets
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