Digest of US economic data and what this means for the Federal Reserve. | The Week in Markets

This week, George Bell, Portfolio Manager and Joe Forward, Investment Analyst, look at the key areas of strength we’ve seen in the global markets. Digesting a raft of economic data, reflecting on signs of a cooling US labour market and a more discerning consumer with evidence from some of the leading US companies. Though slowing, US economic fundamentals remain in good shape, with inflation cooling, the prospect of a September interest rate cut is becoming a more probable outcome. A tone reflected in the minutes from the July meeting, published this week. Next week, we will reflect on the key comments from Jerome Powell following his speech at the Jackson Hole Economic Symposium. The team also reflect on sentiment data from Europe and the latest inflation reports from Japan.