Analyzing Tariffs and Inflation: Uncertainties and Impacts

The recent reversals in the US dollar, US rates and US equities have been sharp and rapid. A growing sense that not all is well with the US consumer, as well as a shift in policy prioritization, favoring fiscal consolidation now in the name of expansion later, are largely to blame. At the same time, the European policy mix is looking far more supportive of European assets and the EUR than previously imagined. But how much of these relative reassessments are now in the price? And are there political elements that might extend the downtrend in the dollar even further? This week, Michael Metcalfe, global head of macro strategy at State Street Global Markets, joins the podcast to discuss all of these important themes and questions.

See omnystudio.com/listener for privacy information.