What gives?
Global financial markets head into late summer buoyed by resilient risk appetite, underpinned by hopes that AI will boost productivity and growth alongside expectations for further central bank policy easing. Yet this optimism has not been fully mirrored in the macro outlook. In our charts this week we focus on:
Markets and data surprises
The US investment consensus
The global growth consensus
US inflation drivers
The UK labour market
Energy prices and monetary policy
The skinny
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