Mark Dowding, BlueBay Chief Investment Officer, discussed the latest macro views, including: Key Points Interest rate cuts expected from the Fed this month but what is the path from here as some price hikes remain to be seen? Payroll prints appear to weaken, but inflation remains muted in the US. A case to be made for yield curve steepening. Little evidence of fiscal spending in Europe as growth continues to lag. A challenging backdrop for the UK amidst uncoordinated policy making and bifurcated politics.