Financial markets have remained volatile over the past month. In some cases, notably the UK, there were clear reasons for concern. However, some stability has returned to UK gilts and equities since Rishi Sunak has taken the reins as Prime Minister, rolling back the measures in the mini-budget and introducing greater fiscal discipline.
For the rest of the world, it’s just a question of watching the Federal Reserve. As Cherry Reynard and Daniel Casali discuss in this podcast, there are brighter signs on inflation, with expectations falling. It appears many developed market economies may yet avoid a wage-driven inflationary spiral.
Financial markets are also watching the trajectory of commodities markets. While oil prices have dipped recently, oil cartel OPEC+ seems determined to keep prices higher. Energy is becoming a geopolitical weapon, and ongoing high prices may disrupt the best-laid plans of the Federal Reserve.
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
The Breakfast Club
The World's Most Dangerous Morning Show, The Breakfast Club, With DJ Envy, Jess Hilarious, And Charlamagne Tha God!