Market Commentary – April 2024

  • Published: 30/04/2024
  • |

Overall, G10 central banks have broadly maintained their narrative that underlying inflation trends and economic data are performing in line with expectations, with disinflation continuing and job market tightness unwinding which are feeding into softer growth statistics. However, the US continues to be an economic outperformer, with inflation reaccelerating and labor market strength continuing from demand side pressures, forcing the markets to scale back expectations for rate cuts this year by the Fed.