WS #16453
Macroeconomic signals are mixed, with the UK OBR slashing 2027 growth forecasts to 1.0% and reports of absentee ballot delays in Georgia raising concerns about institutional stability. These developments, combined with the oil price shock, are creating a headwind for risk assets. The Federal Reserve's upcoming decision is now viewed through a lens of heightened uncertainty, with markets pricing in potential policy responses to both inflationary pressures from energy and slowing growth.
US Macro and Political Friction
Macroeconomic signals are mixed, with the UK OBR slashing 2027 growth forecasts to 1.0% and reports of absentee ballot delays in Georgia raising concerns about institutional stability. These developments, combined with the oil price shock, are creating a headwind for risk assets. The Federal Reserve's upcoming decision is now viewed through a lens of heightened uncertainty, with markets pricing in potential policy responses to both inflationary pressures from energy and slowing growth.