A cut in the US, but what’s in store for UK rates?

The Bondcast episode centers on analyzing recent and upcoming central bank decisions and their implications for rates markets. Following the Fed's expected 25 basis point cut, the discussion highlights the market's bullish reaction to Powell's mention of job revisions and differing views on future inflation, particularly regarding wage pressures and the impact of tariffs. Attention then shifts to the Bank of England, where a quarter-point cut is anticipated, alongside debate on the vote count and potential for further cuts. Finally, the panel addresses the ECB's expected stance of maintaining rates at 2%, while also noting Schnabel's comments about possible future hikes and the significance of German economic stimulus and supply.