In a data-heavy short week, the latest news points to somewhat softer growth and inflation but none of which alter views of a resilient expansion and sticky elevated inflation that will keep central banks more cautious. Next week’s global PMIs will be important for tracking our call of a manufacturing lift into midyear, while US payrolls to show continued support for consumers and the ECB and BoC look set to begin a tentative cutting cycle.

Speakers:

Bruce Kasman

Joseph Lupton

This podcast was recorded on 31 May 2024.

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