Navigating Economic Uncertainty

This chapter examines the current capital expenditure cycle, particularly in data centers, and its ripple effects on sectors like robotics and software amidst ongoing U.S.-China trade tensions. It discusses the implications of recent tariff discussions related to the Ukraine-Russia conflict and explores the critical role of G7 unity in imposing sanctions. Additionally, the chapter analyzes market expectations for Federal Reserve interest rate cuts and the evolving landscape of payment systems.