The Pulse Some indicators point to a heightened risk of recession in the US, but for now inflation remains slightly above target and wages are still expected to rise. The global downturn in manufacturing is deepening, although the services sector remains a bright spot, supported by consumer spending. UK prime minister Boris Johnson remains hamstrung […]
Market Update – September 2019
The Pulse The US economy remains supported by robust consumer spending and jobs growth, but trade uncertainty is having a negative effect on business investment. Markets strongly expect the US Fed to lower interest rates at its September meeting as Powell stated the Fed would “act as appropriate to sustain this expansion.” The UK’s new […]
Market update – August 2019
The Pulse • Central banks have engaged in a policy reversal in response to weaker economic growth and the uncertainties associated with the US-China trade conflict. • US inflation has inched higher, but core CPI measures and sluggish wages growth still point to spare capacity in the labour market. • The UK’s new prime minister […]