Growth steady, inflation risks known, fade policy divergence - Sep. G3 LIW Discussion [video + AI summary] | Research

Speakers: Tian Yang (Head of Research) and Jonathan Petersen (Macro Strategist)
US growth remains slightly below trend but steady, recession risks are fading, and inflation concerns are overstated. The labor market and housing sector are soft but not deteriorating fast enough to trigger recessionary feedback loops, keeping the burden of proof on the downside.
With synchronized global easing and improving liquidity, the macro backdrop is benign and supportive for risk assets. The monetary policy divergences discounted in STIR markets between the US and other G10 economies (notably the Eurozone) look overdone.
The attached AI summary provides the key takeaways that can be read in less than 5 minutes.