Markets Happy Hour Podcast - September 11, 2025: Show and Tell

In today’s Markets Happy Hour podcast we do some show and tell as we have a guest, Pablo Castro, who is an economic commentator and podcast host from Argentina, and we examine the recent election performance down there and compare the experience they have had to that of developed markets. We start by analyzing the recent inflation numbers from the US and look at the converging soft indicators, whereby consumers are starting to expect a lower rate of inflation going forward. This may now give permission to the Fed to reduce rates at its upcoming meeting next week and we cite the ECB’s recent decision to hold as well as the recent job market revisions, which are likely to be a deciding factor. While equity markets and Gold reach new highs, geopolitics seems to have taken a turn for the unexpected, while domestic politics continues to crowd the airwaves and further flood the zone. We stay on geopolitics to conclude by reflecting on the recent setback for the Argentinian president and ask what this means for his reforms as well as the region’s growth