UBP: US Recession Likely In Coming Quarters Moving Into Early 2024

The transcript discusses the strong US data and the Fed's potential hawkish stance, analyzing the yield curve and 10-year yields. It examines the yen levels and possible Japanese intervention due to policy divergence and energy prices. The Chinese economic measures, including currency weakening and stimulus, are reviewed. The impact of US monetary policy, rate hikes, and inflation on the consumer is analyzed. Finally, the challenges faced by the ECB and the future outlook for the euro are discussed, considering inflationary pressures and regional differences in Europe.

How do the current economic conditions in the US affect consumer behavior?

What is the significance of the upcoming PCA data in relation to inflation?

What is the outlook for the euro based on the ECB's actions?