Andrew Freris, the CEO of Ecognosis Advisory, tells James Ross that today’s US GDP data will not affect the Fed’s decision making process, as they are completely focused on hitting the inflation target of two percent. However, Kenny Wen, Head of Investment Strategy, KGI Asia, said today’s number was a surprise, and he thinks it will change the market’s expectations for when a rate cut is coming.

Carolyn Wright is joined by Stefan Angrick, Associate Director and Senior Economist at Moody’s Analytics to discuss their report on the global macroeconomic outlook for the rest of the year.

Adam Dawes, Senior Investment Adviser, Shaw and Partners, says Australia’s economy is looking a bit better and that good numbers from the US also inspire some confidence. He also looks at the big Australian banks and the implications of the slowdown in deal flow.