China cuts, the Fed is done, and the Bank of England has one more hike to go

China's central bank has unexpectedly cut a key interest rate due to weakness in its economy and it being on the brink of deflation, while Japan's economy accelerated in the second quarter on a surge in exports. In the US, artificial intelligence stocks led a market rally in technology stocks, while small caps traded at their lowest level in a month. Argentina was forced to devalue its currency by 18% and hiked its key interest rate by 21% after an election upset, while the Bank of Russia is meeting as the Russian ruble fell below 100 per USD. David Kohl, Chief Economist, said that the US Federal Reserve has completed its tightening cycle, while the Bank of England only has one more rate hike of 0.25% to go. 00:14 Introduction by Helen Freer (Investment Writing) 00:47 Markets wrap-up by Mike Rauber (Investment Writing) 06:35 Outlook for Fed and Bank of England by David Kohl (Chief Economist) 15:55 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.