Waits and measures

In this episode, Eimear Daly and Brian Daingerfield discuss the recent Federal Reserve meeting, focusing on updated economic projections and the implications for interest rates. They also explore the distinction between soft and hard data in the US economy and how this affects the Fed's wait-and-see approach to decision-making. The conversation also covers the Bank of Japan's recent interest rate decision and the potential impact of upcoming US tariffs on global economies and currency markets – and the ways this is measured.You can also find this episode of The Currency Exchange on Spotify and Apple Podcasts. Remember to hit subscribe so you can listen to the latest episodes in this series as soon as they're available and get our views on the big themes and events moving markets and shaping the economy.NB. This episode was recorded on 20 March 2025.For any terms used please refer to this glossary https://www.natwest.com/corporates/insights/markets/glossary.htmlPlease view our full disclaimer here: https://www.natwest.com/corporates/disclaimer.html