Paul Donovan's Daily Audio: Fed Fun

UBS Chief Economist Paul Donovan discusses the upcoming Federal Reserve policy decision and notes the potential shift in leadership influence under Fed Chair Warsh. He also highlights lower-than-expected UK inflation and the resilience of US consumer spending.

Key Takeaways

• 1.The Federal Reserve is expected to leave interest rates unchanged at today's meeting.
• 2.UK inflation data for May came in lower than expected, with transport costs being the primary contributor to the decline.
• 3.US consumer spending remains resilient but is increasingly supported by drawing down savings as incomes are pressured by higher costs from the Iran war.

Table of Contents

• Audio
• Global asset class preferences definitions
• Appendix
• Risk information

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