Macro Pulse

Risks and Relief


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Financial markets have been pulled between opposing forces in recent days. Risk sentiment has been hit by concerns over US lenders, credit conditions, tariffs, the government shutdown, and a potential AI-driven valuation bubble (chart 1). Offsetting this, easing growth and inflation have strengthened expectations of further central bank rate cuts, lifting soft-landing hopes. In our charts this week we drill into:

 

  • US equity market valuations
  • Non-US equity markets and data surprises
  • Oil prices and monetary policy
  • China's credit growth
  • US wage pressures
  • UK inflation
  • ...more
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    Macro PulseBy Haver Analytics