2min chapter

HSBC Global Viewpoint: Banking and Markets cover image

The Macro Brief - The global economic outlook

HSBC Global Viewpoint: Banking and Markets

CHAPTER

The Upside and Downside Risks to Interest Rates

On the upside yes we are seeing some continued good news in terms of input costs. The US still has some way to go but wage growth has unusually slowed markedly from nearly 6% to below 4.5%. There are other upside risks to growth that may actually add to inflationary pressures elsewhere as well now.

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