Taking Stock – Global Growth Landscape & Equity Performance post rate cuts

As we have discussed in our previous insights, the US labour data has quickly become a point of concern for the Federal Reserve, with fears that the labour market may be cooling too fast and a spike in unemployment could trigger a wider rout in the economy. While this is a legitimate concern in the US, on a global scale when we look at the wider picture, we can see that growth has been steady throughout the first two quarter of 2024