The Macro Brief by HSBC Global Research

The US in 2026

Our US team identifies key issues to watch in 2026 – from what the Federal Reserve will do next, to whether the AI bubble will burst, to US fiscal friction. For more content from HSBC Global Investment Research, just search for #HSBCResearch [https://www.linkedin.com/feed/hashtag/hsbcresearch/] on LinkedIn. And don't forget to follow our Asia-centric podcast "Under the Banyan Tree" on Apple Podcasts [http://grp.hsbc/UnderTheBanyanTree_Apple] or Spotify [http://grp.hsbc/UnderTheBanyanTree_Spotify] or wherever you get your podcasts.   Email us at AskResearch@hsbc.com [AskResearch@hsbc.com] for any questions. Click here for appropriate Disclosures, including analyst certifications, and Disclaimers that must be viewed with this podcast: https://www.research.hsbc.com/R/101/mVlwHgW ---------------------------------------- Hosted on Acast. See acast.com/privacy [https://acast.com/privacy] for more information.

Where next for AI?

Can AI trade FX? Is the future 'agentic'? And are we seeing a bubble? Mark McDonald, Head of AI and Data Science, and Yuning Bai, Data Scientist, discuss recent developments in artificial intelligence. For more content from HSBC Global Investment Research, just search for #HSBCResearch [https://www.linkedin.com/feed/hashtag/hsbcresearch/] on LinkedIn. And don't forget to follow our Asia-centric podcast "Under the Banyan Tree" on Apple Podcasts [http://grp.hsbc/UnderTheBanyanTree_Apple] or Spotify [http://grp.hsbc/UnderTheBanyanTree_Spotify] or wherever you get your podcasts.   Email us at AskResearch@hsbc.com [AskResearch@hsbc.com] for any questions. Click here for appropriate Disclosures, including analyst certifications, and Disclaimers that must be viewed with this podcast: https://www.research.hsbc.com/R/101/DkgSvdV ---------------------------------------- Hosted on Acast. See acast.com/privacy [https://acast.com/privacy] for more information.

The UK's budget tightrope

Liz Martins, Senior UK Economist, and Nick Andrews, Senior FX Strategist, talk through the key takeaways from the UK's highly anticipated budget. For more content from HSBC Global Investment Research, just search for #HSBCResearch [https://www.linkedin.com/feed/hashtag/hsbcresearch/] on LinkedIn. And don't forget to follow our Asia-centric podcast "Under the Banyan Tree" on Apple Podcasts [http://grp.hsbc/UnderTheBanyanTree_Apple] or Spotify [http://grp.hsbc/UnderTheBanyanTree_Spotify] or wherever you get your podcasts.   Email us at AskResearch@hsbc.com [AskResearch@hsbc.com] for any questions. Click here for appropriate Disclosures, including analyst certifications, and Disclaimers that must be viewed with this podcast: https://www.research.hsbc.com/R/101/c6DrlPx [https://www.research.hsbc.com/R/101/c6DrlPx] ---------------------------------------- Hosted on Acast. See acast.com/privacy [https://acast.com/privacy] for more information.

Top questions for currencies in 2026

Paul Mackel, Global Head of FX Research, and Joseph Incalcaterra, Head of LatAm Macro Strategy, look at what's in store for the major currencies in 2026. For more content from HSBC Global Investment Research, just search for #HSBCResearch [https://www.linkedin.com/feed/hashtag/hsbcresearch/] on LinkedIn. And don't forget to follow our Asia-centric podcast "Under the Banyan Tree" on Apple Podcasts [http://grp.hsbc/UnderTheBanyanTree_Apple] or Spotify [http://grp.hsbc/UnderTheBanyanTree_Spotify] or wherever you get your podcasts.   Email us at AskResearch@hsbc.com [AskResearch@hsbc.com] for any questions.   Click here for appropriate Disclosures, including analyst certifications, and Disclaimers that must be viewed with this podcast: https://www.research.hsbc.com/R/101/mFbXLNm ---------------------------------------- Hosted on Acast. See acast.com/privacy [https://acast.com/privacy] for more information.

The AI effect

Shiva Joon, Data Scientist, and Duncan Toms, Multi-Asset Strategist, look at how artificial intelligence is helping to drive the stellar performance of many US companies. For more content from HSBC Global Investment Research, just search for #HSBCResearch [https://www.linkedin.com/feed/hashtag/hsbcresearch/] on LinkedIn. And don't forget to follow our Asia-centric podcast "Under the Banyan Tree" on Apple Podcasts [http://grp.hsbc/UnderTheBanyanTree_Apple] or Spotify [http://grp.hsbc/UnderTheBanyanTree_Spotify] or wherever you get your podcasts.   Email us at AskResearch@hsbc.com [AskResearch@hsbc.com] for any questions.   Click here for appropriate Disclosures, including analyst certifications, and Disclaimers that must be viewed with this podcast: https://www.research.hsbc.com/R/101/HJJQchf ---------------------------------------- Hosted on Acast. See acast.com/privacy [https://acast.com/privacy] for more information.