Consumers are feeling gloomy, but are we still headed for recession?
With inflation “sufficiently well-behaved”, the main factors to watch now are unemployment and wages, says our head of bond strategies Tim Hext in our latest fast podcast.
Here Tim explains the outlook for wages and jobs -- and what it tells us about the likelihood of recession in the US and Australia.
He also explains why we are unlikely to see rate cuts this year.
Find out more about Pendal's fixed income strategies at pend.al/fixedinterest
Pendal is a global asset manager. Find out more at pendalgroup.com
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