We welcome Fidelity's Director of Global Macro, Jurrien Timmer, to provide his weekly macro view and market updates. Inflation is a hot topic, and it remains to be seen whether it is structural or transitory. Jurrien says there are 8 million jobs open in the United States, but there is a shortage of willing labour because people want to get paid more. He believes companies can pass these higher costs onto consumers who have the money to spend on higher prices. The U.S. dollar is now breaking down again, and he notes that the CAD looks strong against the USD. Jurrien also says flows into bond, equity, and money market funds are rising, and he provides his outlook on TIPS. Follow along with Jurrien's charts on Twitter: @TimmerFidelity

Recorded on May 17, 2021.