Yesterday's rate hike was well telegraphed. From here on out, the Fed will rely on incoming data.
SHARE
233
6
Featuring Jim Bianco, Michael Coolbaugh, and Joseph Wang
Jul 28, 2022 • 75 minutes
As Joseph “The Fed Guy” Wang suggested it might, the pattern of stocks rallying the day of a Federal Open Market Committee rate-hike announcement and selling off the day after held this week too, at least until mid-morning on Thursday. In a post-FOMC-meeting conversation with Jim Bianco, the founder and president of Bianco Research, Wang, a former trader on the Fed’s open market desk, also notes that the Fed’s inflation goals entails unemployment rising “a bit” as well as below-potential GDP growth “for a couple years.” Still, as Bianco observes, investors are anticipating a Fed pivot. Recent price action could be about hedge-covering, but the sense is the central bank will be easing monetary policy by early 2023. Wang sees it differently: “This pivot view is probably going to be mistaken.” Wang and Bianco engage in an invaluable debate about the course of Fed policy at a time of unique uncertainty. Recorded on July 27, 2022. Stay tuned at the end of the interview as Real Vision’s Michael Coolbaugh, a macro analyst, breaks down and highlights the most important takeaways from their conversation.
Show MoreThe Essential Conversation is the world's premier financial-market-focused conversation series. The smartest people in markets, finance, economics, and business engage in deep-diving discussions about the global macro landscape, generating actionable takeaways that can help your decision-making process. Tune in to peer-to-peer conversations between the brightest minds in the investing world, and tune up your portfolio.
More EpisodesThis content is reserved for the thousands of visionaries supporting the financial revolution. We'd love for you to join us. Interested?
See Our PlansAlready have an account? Log In
The Essential Conversation is the world's premier financial-market-focused conversation series. The smartest people in markets, finance, economics, and business engage in deep-diving discussions about the global macro landscape, generating actionable takeaways that can help your decision-making process. Tune in to peer-to-peer conversations between the brightest minds in the investing world, and tune up your portfolio.
More Episodes
COMMENTS
Sort ByAccess Essential Content
This content is reserved for the thousands of visionaries supporting the financial revolution. We'd love for you to join us. Interested?
See Our PlansAlready have an account? Log In