# UBS On-Air: Paul Donovan Daily Audio 'Capping inflation'

Page: https://stenobird.com/podcast/ubs-on-air-market-moves-2992243/ubs-on-air-paul-donovan-daily-audio-capping-inflation
Text version: https://stenobird.com/podcast/ubs-on-air-market-moves-2992243/ubs-on-air-paul-donovan-daily-audio-capping-inflation.md
Podcast: [UBS On-Air: Market Moves](https://stenobird.com/podcast/ubs-on-air-market-moves-2992243)
Published: 2026-05-20T06:58:00+00:00
Episode link: https://www.ubs.com/content/dam/podcasts/wma/260520-capping-inflation.mp3
Audio file: https://www.ubs.com/content/dam/podcasts/wma/260520-capping-inflation.mp3
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JSON: https://stenobird.com/v1/public/podcasts/ubs-on-air-market-moves-2992243/episodes/ubs-on-air-paul-donovan-daily-audio-capping-inflation
Duration seconds: 177

## Resource

Bond markets remain nervous about the Iran war (which potentially impacts inflation and fiscal deficits). Investors hope that market angst might encourage a US policy shift, as it did with tariffs. However, (at the time), tariffs were under US President Trump’s direct control and could be changed on a whim. Middle Eastern politics is a little more complex.

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## Transcript

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