A good week for data delivers some relief on inflation and points to some moderation in growth, both of which are needed to keep central banks on the path toward easing. However, with inflation still elevated and labor markets still hot, more will be needed to put us back on the path to a soft-landing. Easing financial conditions could be too much of a good thing, short-circuiting the journey.
This podcast was recorded on 17 May 2024.
This communication is provided for information...
A good week for data delivers some relief on inflation and points to some moderation in growth, both of which are needed to keep central banks on the path toward easing. However, with inflation still elevated and labor markets still hot, more will be needed to put us back on the path to a soft-landing. Easing financial conditions could be too much of a good thing, short-circuiting the journey.
This podcast was recorded on 17 May 2024.
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