Following the Jackson Hole conference of central bankers last week, as well as the release of minutes from the Federal Reserve’s last meeting, investors are now focused on next month’s policy decision – which could include an interest-rate cut. “It’s the rates market that is pretty much dictating how the risky assets do”, says Deepak Puri, the Private Bank’s Chief Investment Officer for the Americas, in this week’s podcast. “Some of the recent data has been quite noisy and, when you start looking into that, it makes a lot of sense for the Fed to start cutting rates."

He also notes that markets are starting to pay more attention to U.S. politics, and that this may have played a role in recent volatility. In the week ahead, key reports to watch will include durable goods orders, earnings guidance from a major name in artificial intelligence, and the Fed’s preferred inflation gauge at the end of the week.

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