Global Data Pod Weekender: When the Fed breaks

China is rebounding smartly in May, and spillovers from the downturn remain mild. But inflation is surging everywhere and this is damping growth in the goods sector. The Fed upped its hiking pace to 75bp this week with another likely to come, guiding to a restrictive stance before yearend. In doing so while also now forecasting a rising unemployment rate suggests a singular focus on inflation and less of a growth-put than in the past—at least until inflation moderate.

Speakers:

Bruce Kasman

Joseph Lupton

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