Snapshot - Monthly viewpoint

Janet Mui: weekly economic update 11 July

The US Federal Reserve now looks likely to cut interest rates later this month. In the UK, activity remains subdued.

11/07/2019

Janet Mui

Janet Mui

Global Economist

Powell focused on risks to US economy

The chairman of the Federal Reserve chose to emphasize the risks of slowing global growth in his semi-annual report to the US Congress. This was seen as a clear signal that the Fed will cut interest rates when it meets at the end of July.

UK economic activity remains sluggish

UK output increased very slightly in May, following a weak April. However, businesses and consumers remain cautious and the Bank of England is likely to adopt a more dovish stance.

Latest data suggests Chinese inflation remains contained

There is little sign of underlying inflationary pressure in the Chinese economy, despite a sharp rise in the price of pork. This gives Beijing more scope to implement accommodative monetary policy if needed.  

Topics:

  • UK
  • US
  • Federal Reserve
  • China
  • Janet Mui
  • Market review
  • Economics & strategy
  • Investment team videos
  • Snapshot

For Accredited Investors Only. This document is intended to be for information purposes only and it is not intended as promotional material in any respect. The material is not intended as an offer or solicitation for the purchase or sale of any financial instrument and is not intended to provide and should not be relied upon for accounting, legal or tax advice, or investment recommendations.

The information in this market outlook is derived from sources which we consider to be reliable. However, it may not in all cases be verified independently and we do not attest to its completeness or accuracy. No responsibility can be accepted for errors of fact or opinion. Forecasts may be the consensus of extremely divergent possibilities and the full range of potential outcomes should be appreciated. No representation or warranty is made that any value (or proximity to) any value, return or forecast will be achieved. The opinions expressed are those of employees of Schroder & Co. (Asia) Limited, and reflect their judgement at this date and are subject to change. Reliance should not be placed on the views and information in this market outlook when taking individual investment and/or strategic decisions. 

No part of this document may be reproduced in any manner without the prior written permission of Schroder & Co. (Asia) Limited.

Contact Schroders Wealth Management

To discuss your wealth management requirements, or to find out more about our services, please contact:

Simon Lints

Simon Lints

Chief Executive Officer - Singapore singaporeprivateclients@schroders.com