Episode
Risks and Relief
- Podcast
- Macro Pulse
- Published
- Oct 23, 2025
- Duration seconds
- 790
- Processing state
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- https://haveranalytics.podbean.com/e/risks-and-relief/
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Summary
Financial markets have been pulled between opposing forces in recent days. Risk sentiment has been hit by concerns over US lenders, credit conditions, tariffs, the government shutdown, and a potential AI-driven valuation bubble (chart 1). Offsetting this, easing growth and inflation have strengthened expectations of further central bank rate cuts, lifting soft-landing hopes. In our charts this week we drill into: US equity market valuations Non-US equity markets and data surprises Oil prices and monetary policy China's credit growth US wage pressures UK inflation