Fed’s Last Tango

Markets are becoming increasingly confident that the Federal Reserve will manage to engineer a soft landing for the US economy. 

Strongest deterioration in Irish manufacturing sector performance for over three years in June

Amid ongoing demand weakness, Irish manufacturing firms continued to see a decline in the health of the sector during June.

Economic data, especially on labour markets, have generally surprised to the upside in 2023, though GDP growth was sluggish in Q1.

Global economy still facing considerable headwinds  Central banks remain on rate tightening path, though Fed and ECB appear to be nearing end of their hiking cycle. BoE has further to go, with markets pricing in another 150bps of UK rate hikes