Nomura – The Week Ahead
Crunch time in Europe
Jul 12, 2024
European Economist George Moran, Chief UK & Euro Area Economist George Buckley, and China Economist Hannah Liu discuss upcoming crucial UK data, ECB rate decision, and China's economic pressure. Topics include US political dynamics, ECB meeting speculation, ECB communication post-Centra conference, upcoming surveys in Europe, and key economic events in Asia like China's GDP release and expected stimulus measures.
14:00
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Quick takeaways
- Federal Reserve may consider rate cuts due to US GDP slowdown impacting consumer spending.
- Critical UK data on inflation and labor market performance could influence Bank of England's interest rate adjustments.
Deep dives
US Economic Growth and Expectations for Fed Rate Cuts
The US economy is experiencing a slowdown, with GDP growth falling below the Fed's initial projections. Experts suggest that Chairman Powell should consider rate cuts in upcoming meetings as current growth estimates remain below 2%, affecting retail sales and consumer spending.
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