NOW Ep79: Is the US headed for recession?

--:--
Fears of a US recession have sent all major stock markets tumbling after US jobs market data came in lower than expected for the month of July. In this episode of No Ordinary Wednesday, host Jeremy Maggs asks Investec Chief Economist Annabel Bishop whether the Federal Reserve has left it too late to begin cutting interest rates. They also look at what this all means for the Rand.

Key podcast moments:

00:00 - Intro
01:00 - What's behind the global rout in stock markets?
02:56 - Chances of the Fed declaring an emergency interest rate cut in response to market turmoil
03:47 - Impact of stock market rout on the Rand
05:24 - Investec's latest inflation outlook for South Africa
07:21 - South Africa's GDP outlook
09:56 - Positive news for SA consumers
11:30 - Impact of the two-pot retirement system on consumers
12:57 - Impact of the two-pot retirement system on the economy
14:39 - Positive sentiment from foreign investors for SA bonds and equities
16:51 - Is the private sector going to start investing more in their operations?
18:56 - Gold market update
20:30 - Closing remarks

Hosted by seasoned broadcaster, Jeremy Maggs, the No Ordinary Wednesday podcast unpacks the latest economic, business and political news in South Africa, with an all-star cast of investment and wealth managers, economists and financial planners from Investec. Listen in every second Wednesday for an in-depth look at what's moving markets, shaping the economy, and changing the game for your wallet and your business.

Read more on www.investec.com/now
6 Aug 2024 English South Africa Business · Investing

Other recent episodes

Macro Monday Ep64: Stimulus on the cards for Europe and China

While tariff uncertainty continues to weigh on the US, fiscal stimulus is on the agenda in Europe, with plans to boost spending on infrastructure and defence, and in China, which is targeting growth of 5% and a budget deficit of 4% this year. Chris Holdsworth, Chief Investment Strategist, Investec Wealth…
10 Mar 7 min

Art in Focus Ep 5 | African art's international impact

In this fifth and final episode of Art in Focus, we hear from two locally based artists, Brett Seiler and Sanell Aggenbach, about how their careers started, how they broke into the international art market, and the influence African art is having on the global art scene. 00:00: Intro 01:25:…
6 Mar 25 min

NOW ep94: Is China Trump-proof?

Tariffs may not have as much of an impact on China which has rewired its supply chains to reduce its dependence on the US, says Campbell Parry, global resources analyst at Investec Wealth and Investment International. Speaking on the latest episode of No Ordinary Wednesday, Parry discusses prospects for the…
4 Mar 18 min

Macro Monday Ep63: US equities lag as worries grow about economic growth

There are rising concerns about the US economy, from weakening consumer numbers to worries about employment. This may explain why US markets have lagged global markets this year, as expected weaker economic growth translates into softer earnings. Chris Holdsworth, Chief Investment Strategist, Investec Wealth & Investment International, shares his views.
3 Mar 9 min

Everything Counts | Episode 17: Tips to finding the right car in South Africa

Thinking of buying a new car in 2025? Before you make your next big purchase, get expert insights into the latest car trends, best models, and smart financing strategies. In this episode of Everything Counts, host Marius Roberts is joined by automotive insiders, Sean Nurse, Motoring Editor at AutoTrader and…
24 Feb 34 min