The Market Huddle
MH+ Ep.40 Bullish on a Soft Landing (guest: Joseph Wang)
Jun 18, 2024
Expert 'The FED Guy' Joseph Wang discusses Fed policy, inflation, European election impact on markets & currencies. Topics include Fed's focus on employment over inflation, probability of soft vs hard landing in economy, navigating right tail risk in financial markets, potential monetary policy shift in Japan impacting the yen.
29:15
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Quick takeaways
- Erroneous rate cycle predictions revised after unexpected inflation persistence.
- Political shifts in France and the US may overshadow central bank policies.
Deep dives
Participants' Misjudgment on the Rate Cycle
Participants made erroneous predictions regarding the rate cycle, originally speculating up to seven cuts but significantly reducing expectations after positive inflation data emerged. Despite believing in transitory inflation, unexpected increased inflationary persistence shifted these projections, aligning more closely with the Fed's guidance.
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