Eurizon Weekly, 21 Oct. 2024. The markets brought another cautious week to an end, gradually pricing in two distinct macro scenarios for the US and the Eurozone. In the US, in fact, macroeconomic data confirmed once again that the consumption trend is in good health, as also the economy as a whole. In Europe, on the other hand, the ECB implemented a 25bps rate cut, as expected, acknowledging that there may be the risk of a faster-than-expected macro slowdown. This translated into little-changed US yields as opposed to European rates on the decline, in waiting for macro data to provide clearer indications for the central banks to gauge the appropriate pace of rate reduction. Andrea Conti, Head of Macro Markets at Eurizon, takes a closer look. Audio recorded on 21 Oct. 2024.