In this episode, Konstantin Boehmer, Portfolio Manager and Head of Fixed Income, shares his outlook on central bank policy heading into the summer. He discusses the Fed's cautious stance as it navigates persistent inflation and slowing growth, highlighting the critical role of labour market data in shaping future decisions. Konstantin also examines the evolving market perception of the “One Big Beautiful Bill,” explaining why fiscal concerns may be overstated and how bond markets are adjusting. Finally, he explores the potential for future rate cuts by the Bank of Canada and flags key risks on the horizon, from rising geopolitical tensions to renewed tariff pressures.

This episode was recorded on June 19, 2025.