ownload Article<\/a><\/p>\n\n\n\nThe unpredictability of geopolitics aside, the key issue for investors remains the US economy and Fed monetary policy. The economy is slowing and softer than previously thought, but current conditions are not evidently recessionary. The labour market has weakened but unemployment is still low compared with previous cycles and wages are rising in real terms. Investment remains strong, inflation has fallen to levels which give the Fed ample room to cut rates, and the recent softening of the economy will only accelerate that programme.<\/p>\n","protected":false},"excerpt":{"rendered":"
The only questions on investors’ minds are whether the first cut in September will be 25bps or 50 bps and the subsequent pace of cuts <\/p>\n
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Monthly Market review \u2013 D<\/a>ownload Article<\/a><\/p>\n\n\n\n