Which Central Bank Will Cut Interest Rates First | David Woo

2024 was supposed to be the year that the US dollar bites the dust. So far the dollar is hanging in there, defying market consensus. A weak dollar requires lower US interest rates. However, the continued resilience of the US economy is not giving the Federal Reserve an excuse to start cutting interest rates. However, 2024 is still young. In the realm of global economics, interest rates and currency exchange dynamics are subject to intense scrutiny. The latest OECD Labor Productivity Data sheds light on the labor productivity disparities among OECD countries, shaping investment attractiveness and financial market sentiments. As Christine Lagarde ECB deliberates over ECB interest rate decisions, Wall Street forecasts scrutinize the potential USD outlook against the backdrop of economic resilience and interest rate differentials. The factors supporting the USD amidst the BOJ interest rate policy and People’s Bank of China maneuvers highlight the complex network of financial conditions influencing the dynamics between USD, JPY, EUR, and RMB. Amidst discussions on Labor Compensation Trends and Hourly Wage Growth OECD indicators, questions linger regarding the Economic Impact of COVID-19 and the trajectory of Job creation against Unemployment Rates in Europe, particularly as the Euro Unemployment Rate hits a record low. Meanwhile, AI adoption and collective bargaining influences loom large over labor market tightness and wage growth, painting a nuanced picture of the ECB Interest Rate Path in contrast to US inflation pressures and USD vs JPY vs EUR outlooks. As discussions unfold on potential interest rate cuts, the spotlight turns to major central banks and their strategies. Will the Bank of Japan or the ECB be the first to make a move, and what factors will drive their decisions? Which currencies will do well and which poorly? And what does productivity growth have to do with it? David Woo, a former top-ranked Wall Street global macro strategist, tells it as it is. You may not agree with everything he says but he will make you reassess everything you thought you knew. #centralbank #interestrates #usdollar 0:00 Intro 1:01 Who Will Cut First? 2:50 What are the clues? 5:39 Wage Growth 7:05 What About Labor Cost? 8:44 What Do the Numbers Tell Us? Subscribe: Useful links: • LinkedIn: • Twitter: • Wikipedia: . RIWI-Unbound: