The major US equity indices closed around flat yesterday while small caps outperformed, with the Russell 2000 index gaining 0.5%. The 10-year US Treasury yield climbed to 4.43%, prompting investors to raise their bets on the Fed cutting rates just twice this year following last week’s jobs data upside surprise. And David Kohl, Chief Economist, provides his outlook for the future interest rate policy paths for the Fed and the ECB. 00:00 Introduction by Helen Freer (Investment Writing) 00:28 Markets wrap-up by Jonti Warris (Investment Writing) 05:54 Outlook for the Fed and ECB by David Kohl (Chief Economist) 11:53 Closing remarks by Helen Freer (Investment Writing) Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or your favourite podcast player.