Isaac Poole, Global CIO at Oreana Financial Services, shared insights on the current state of the US and China economies. The US is on hold, with upcoming Fed minutes expected to emphasise high inflation and the need for longer rates, but not likely to change market expectations for a pause in September.

Retail sales indicate steady US spending. The direction of the labor market will be influenced by initial jobless claims. China’s PBOC might ease policy due to deflation risk, but they might avoid hasty actions.

The equity market’s recent performance is contingent on economic progress post-authority announcements. The market might lack a clear direction as US equities recede, waiting for cues like the end of Fed hikes. Treasury yields could be stable due to increased issuance, with further drops linked to weak economic data.

(Source: Ausbiz)

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