The rest of the summer will likely be spent wondering just how much further major central banks need to go in tightening policy. The Federal Reserve in particular sound like they are nearing the end of a rapid hiking cycle - or at least sounding like they want to be done. But US economic activity still looks robust. Lee Ferridge joins Tim this week to discuss the sources of strength in the US economy, what we can expect in the coming months and what it means for US asset markets and the long-term drivers of the US dollar.

The rest of the summer will likely be spent wondering just how much further major central banks need to go in tightening policy. The Federal Reserve in particular sound like they are nearing the end of a rapid hiking cycle - or at least sounding like they want to be done. But US economic activity still looks robust. Lee Ferridge joins Tim this week to discuss the sources of strength in the US economy, what we can expect in the coming months and what it means for US asset markets and the long-term drivers of the US dollar.

Street Signals is a weekly podcast packed with insights about the latest developments in financial markets from State Street Global Markets. Leveraging new tools, proprietary data and deep expertise, the Global Markets research team delivers highly valued market analysis on a daily basis to the world’s leading institutional investors. Join Street Signals' host, Tim Graf, State Street’s Head of Macro Strategy for EMEA, as he discusses the most important matters moving markets with guests from State Street and industrywide. 

Street Signals is a weekly podcast packed with insights about the latest developments in financial markets from State Street Global Markets. Leveraging new tools, proprietary data and deep expertise, the Global Markets research team delivers highly valued market analysis on a daily basis to the world’s leading institutional investors. Join Street Signals' host, Tim Graf, State Street’s Head of Macro Strategy for EMEA, as he discusses the most important matters moving markets with guests from State Street and industrywide.

Street Signals

Street Signals is a weekly podcast packed with insights about the latest developments in financial markets from State Street Global Markets. Leveraging new tools, proprietary data, and deep expertise, the Global Markets research team delivers highly valued market analysis on a daily basis to the world’s leading institutional investors. Join Street Signals' host, Tim Graf, State Street’s Head of Macro Strategy for EMEA, as he discusses the most important matters moving markets with guests from State Street and industrywide.

Street Signals is a weekly podcast packed with insights about the latest developments in financial markets from State Street Global Markets. Leveraging new tools, proprietary data, and deep expertise, the Global Markets research team delivers highly valued market analysis on a daily basis to the world’s leading institutional investors. Join Street Signals' host, Tim Graf, State Street’s Head of Macro Strategy for EMEA, as he discusses the most important matters moving markets with guests from State Street and industrywide.

American exceptionalism, the Fed and the fate of the US dollar

Amidst rising tensions and trade tariffs, market discussion often lands on how rising costs of US imports will affect the American consumer, the US balance of trade, inflation and what it all means for the US dollar. The perspectives of the emerging markets as targets in a potential trade war often get overlooked. With a moratorium on tariffs on Mexico due to expire next week and further duties set to be imposed elsewhere over the next month, we refocus the lens on to the other side of the trade war - large exporters in the developing world who face unique challenges should tariffs on US imports spike. Ning Sun, our senior emerging market strategist in the Americas, joins the podcast for a wide ranging discussion of how risks might be avoided and where they still need to be priced.

Amidst rising tensions and trade tariffs, market discussion often lands on how rising costs of US imports will affect the American consumer, the US balance of trade, inflation and what it all means for the US dollar. The perspectives of the emerging markets as targets in a potential trade war often get overlooked. With a moratorium on tariffs on Mexico due to expire next week and further duties set to be imposed elsewhere over the next month, we refocus the lens on to the other side of the trade war - large exporters in the developing world who face unique challenges should tariffs on US imports spike. Ning Sun, our senior emerging market strategist in the Americas, joins the podcast for a wide ranging discussion of how risks might be avoided and where they still need to be priced.

The Other Side in the Trade War

Financial markets cannot get a break from headlines. The Trump Administration is rolling out – and in some cases rolling back – trade tariffs at a frenzied pace. Negotiations over peace in Ukraine are only just beginning, with the shape of a resolution anyone’s guess. Fiscal policy is also front and center for bonds, with curbing deficits looking increasingly difficult as defense spending needs and the desire for growth-based policies rise. Ennui prevails as markets seem unwilling or unable to price for higher risk premia. To make sense of it, Peter Vincent, head of FX trading for EMEA at State Street Global Markets, shares his thoughts, walking through the best opportunities on offer.

Financial markets cannot get a break from headlines. The Trump Administration is rolling out &ndash; and in some cases rolling back &ndash; trade tariffs at a frenzied pace. Negotiations over peace in Ukraine are only just beginning, with the shape of a resolution anyone&rsquo;s guess. Fiscal policy is also front and center for bonds, with curbing deficits looking increasingly difficult as defense spending needs and the desire for growth-based policies rise. Ennui prevails as markets seem unwilling or unable to price for higher risk premia. To make sense of it, Peter Vincent, head of FX trading for EMEA at State Street Global Markets, shares his thoughts, walking through the best opportunities on offer.

Tariffs, Truce Talks and 3-3-3: Flooding the Macro Zone

From interest rate cycles to equity valuations, long-term market trends follow a rhythm that shapes global macro—often in ways that aren’t immediately obvious. Add AI’s growing influence and political uncertainty, and navigating today’s landscape becomes even trickier. This week, Ben Ashby, CIO of Henderson Rowe, joins the podcast to break it all down. A keen student of market history, Ben shares insights from a career of cross-asset investing — revealing how the past informs the present and where today’s risks and opportunities lie.

From interest rate cycles to equity valuations, long-term market trends follow a rhythm that shapes global macro&mdash;often in ways that aren&rsquo;t immediately obvious. Add AI&rsquo;s growing influence and political uncertainty, and navigating today&rsquo;s landscape becomes even trickier. This week, Ben Ashby, CIO of Henderson Rowe, joins the podcast to break it all down. A keen student of market history, Ben shares insights from a career of cross-asset investing &mdash; revealing how the past informs the present and where today&rsquo;s risks and opportunities lie.

American exceptionalism, the Fed and the fate of the US dollar

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