This week Joann Spadigam, Kevin Cummins and Ian Vanderhorn focus on the Federal Reserve's decision to hold rates in the US. They analyse the stance on interest rates, inflation and labour market conditions, as well as the US Treasury's borrowing plans. Lastly they discuss European bond curves and share their views on whether the Bank of England will cut rates next week. 

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This episode was recorded on 31 July 2025

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