With pandemic headwinds building, the latest resiliency test to hit the global recovery is not over. However, current quarter outturns continue to impress, with trade numbers out of Asia pointing to a reintegration of supply chains and data out of US, German, and Japan auto sectors showing a rebound. Consumer spending is on the rise, showing notable resilience to multi-decade high inflation that is likely to fall back next quarter—expanding purchasing power. DM central banks are taking note and looking past near-term pandemic risks and down the path to normalization. Next week’s Fed expected to accelerate tapering, telescope lift-off, and boost the hiking pace.

Speakers:

Bruce Kasman

Joseph Lupton

This podcast was recorded on December 10, 2021.

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