Jennifer McKeown on where next for the advanced economies

It's far too soon to be worrying about another spike in inflation from renewed fighting in the Middle East. That's one of the key messages from Capital Economics' Global Chief Economist Jennifer McKeown, who joins David Wilder on The Weekly Briefing with Neil Shearing away this week. Jenny explains what could drive the Fed to raise interest rates as early as September, whether economies on both sides of the Atlantic can continue to hold up and where we think the consensus is wrong on the outlook for interest rates. Also on the show, in an exclusive excerpt from a recent online client briefing on AI, Chief Economic Adviser Vicky Redwood explains where the technology's impact is already showing up in the data, and what happens to the global economy if AI's promised productivity gains never materialise. Related content Capital Economics Key Issues: AI ( https://www.capitaleconomics.com/key-issue... ) Drop-In: AI's global shockwaves – Macro and market implications ( https://www.capitaleconomics.com/events/dr... ) The Weekly Briefing from Capital Economics Episode 211 July 10, 2026 ★ Episode details: https://share.transistor.fm/s/709b8c2c ★ Additional episodes: http://www.capitaleconomics.com