Bunning: Fed Shifts to Hawkish, but Sept. Not Certain

The transcript discusses the potential for a Federal Reserve rate hike in September, considering recent economic data and market reactions. It highlights the uncertainty surrounding US job numbers and the Fed's cautious approach. Additionally, the transcript analyzes the strength of the British pound, focusing on the UK's current account deficit and its relationship with the EU, suggesting a structural case for a weaker sterling in the long term.

What are the potential outcomes if the U.S. jobs number is significantly different from expectations?

Discuss the implications of a weaker sterling on the UK economy.