Investec Investec Focus Radio SA

NOW Ep79: Is the US headed for recession?

Loading player...
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 Ep116: Don’t expect much lower energy prices soon

US President Donald Trump announced over the weekend that the US and Iran were close to finalising a deal to end the war. However, notes Investment Strategist Osa Mazwai, even if the Strait of Hormuz were to be reopened completely, it will take some time for traffic to return to…
25 May 11 min

Wine in Focus | Inside the judging room: How wines win

Ever wondered what actually happens behind closed doors at a wine competition? How do judges decide what makes a wine exceptional and what separates a gold medal from the rest? In this episode of Wine in Focus, Palesa Mapheelle is joined by local wine doyenne, Michael Fridjhon and Wine Master…
20 May 27 min

NOW Ep 127: The Everything Shock

What began as a geopolitical conflict is rapidly becoming something much larger. Oil is only one part of the story. Natural gas, fertilisers, chemicals, shipping routes, aluminium, aviation fuel and global supply chains are all now being affected by the fallout from the Iran war. In the latest episode of…
20 May 27 min

Everything Counts | Episode 47: How to invest during economic uncertainty

When markets feel uncertain, the hardest part isn’t the volatility, it’s knowing how to respond. In this episode of Everything Counts, chief investment strategist of Investec Wealth & Investment International Chris Holdsworth breaks down how to think about investing during uncertain times, and why behaviour often matters more than market…
19 May 18 min

Macro Monday Ep115: Growth comes with inflation

While inflation is rising around the world – largely as expected – there are few signs of ‘stagflation’ (rising prices alongside slowing growth). However, notes Chris Holdsworth, Chief Investment Strategist, at Investec Wealth & Investment International, GDP growth in the US and across Europe have been robust.
18 May 7 min
All episodes