30:32

EssentialDaily Briefing

When Rates Rise, Growth Slows

Featuring Darius Dale and Andreas Steno Larsen

June 29 at 8:00PM • 30 minutes

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Essential

Daily Briefing

When Rates Rise, Growth Slows

But Fed Chair Jerome Powell still believes in the strength of U.S. household finances.

Featuring Darius Dale and Andreas Steno Larsen

June 29 at 8:00PM • 30 minutes

U.S. gross domestic product contracted by 1.6% on an annualized basis during the first quarter, according to the Bureau of Economic Analysis’s final estimate, as consumer spending was weaker than originally forecast. The sense we’re heading for recession was heightened when Federal Reserve Chair Jerome Powell said today at a European Central Bank forum that policymakers won’t let the economy slip into a "higher inflation regime" even if it means raising interest rates to levels that put growth at risk. He maintains U.S. household finances remain strong. “The Fed needs you to capitulate on summer travel in order for inflation to get under control,” says 42 Macro founder and CEO Darius Dale. Darius joins Real Vision's Andreas Steno Larsen to talk about receding inflation fear and rising recession risk. We also hear from Francis Gannon about how higher interest rates are driving a shift in market focus. And we share a segment from today’s Crypto Unwrapped episode on continuing upheaval in the crypto market. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3Ntyqa7. Watch the full conversation featuring Francis Gannon here: https://rvtv.io/3QUWOnV. Watch the full Crypto Unwrapped episode featuring Tascha Che, Katie Talati, and Ash Bennington here: https://rvtv.io/3NufQyO. Show More

Real Vision's Daily Briefing provides a macro context for the day's market action, Monday through Friday, live at 4:00 p.m. ET. Our hosts talk with traders, quants, investors, and analysts with skin in the game. These experts include Tony Greer, Katie Stockton, Jim Bianco, Jared Dillian, Thomas Thornton, and our own Raoul Pal. In just 30 minutes, you'll get the world's smartest analysis of global markets and the important macro trends driving them.

More Episodes

Real Vision's Daily Briefing provides a macro context for the day's market action, Monday through Friday, live at 4:00 p.m. ET. Our hosts talk with traders, quants, investors, and analysts with skin in the game. These experts include Tony Greer, Katie Stockton, Jim Bianco, Jared Dillian, Thomas Thornton, and our own Raoul Pal. In just 30 minutes, you'll get the world's smartest analysis of global markets and the important macro trends driving them.

More Episodes

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