Dilemmas, Donald and de-risking

This week the Bondcast team discusses strong wage inflation data in the UK, which, combined with sluggish output growth, poses a policy dilemma for the Bank of England. Elsewhere they examine recent US data, Donald Trump’s plans and whether the strong economic start for the year will affect the Fed’s terminal rate for the year. Plus, what to expect ahead of the European Central Bank’s upcoming rates decision?Remember to hit subscribe so you can listen to the latest episode in this series as soon as they're available to get our views on the big themes and events moving markets and shaping the economy in 2025. NB. This episode was recorded on 23 January 2025. For any terms used please refer to this glossary Please view our full disclaimer here