Long anticipated rate lift-off not yet on the horizon

This week, all eyes will be on the ISM and labour market report numbers out of the U.S., where investors will focus their attention on the strength of the labour market recovery in June and whether companies – back in growth mode – can find the workers they need to continue to expand. Investors are getting a better sense of the outlook for inflation in the US also, with various statements from Fed officials last week slightly more dovish. In our latest podcast, Sebastian Janker, our Head of the Chief Investment Office for Europe and the Americas, explains the key economic events to look out for during the course of the next week, whilst explaining why he thinks the current rise in inflation could be seen to be more transitory in nature given the reopening in the US and other sector-specific events. For more investing insights, please visit www.deutschewealth.com This podcast may be considered marketing material. The value of an investment can fall as well as rise and you might not get back the amount originally invested. The services described in this podcast are provided by Deutsche Bank AG or by its subsidiaries and/or affiliates in accordance with appropriate local legislation and regulation. Deutsche Bank AG is subject to comprehensive supervision by the European Central Bank (“ECB”), by Germany’s Federal Financial Supervisory Authority (BaFin) and by Germany’s central bank (“Deutsche Bundesbank”). Brokerage services in the United States are offered through Deutsche Bank Securities Inc., a broker-dealer and registered investment adviser, which conducts investment banking and securities activities in the United States. Deutsche Bank Securities Inc. is a member of FINRA, NYSE and SIPC. Lending and banking services in the United States are offered through Deutsche Bank Trust Company Americas, member FDIC, and other members of the Deutsche Bank Group. The products, services, information and/or materials referred to within this podcast may not be available for residents of certain jurisdictions. © 2021 Deutsche Bank AG and/or its subsidiaries. All rights reserved. This podcast may not be used, reproduced, copied or modified without the written consent of Deutsche Bank AG. 030620 030121