Abrdn’s McCann on Fed Narratives and Fiscal Risks: Macro Matters

It does look like the Fed is nailing this soft landing, so we’re feeling quite positive around where we’re going, says James McCann, Deputy Chief Economist at Abrdn. McCann joins host and senior US and Canada rates strategy associate Will Hoffman to unpack rapidly shifting economic narratives. The pair discuss changes in the the medium-term economic outlook, as well as recent developments regarding the state of labor markets and inflation. They also dive into the implications of strikes and hurricanes on near-term economic data, in addition to the balance of risks surrounding the upcoming US election cycle.