Maggie Lake Talking Markets Episode 84: A 25 Basis Pt. Cut & More To Come? With Darius Dale.
14 snips
Sep 17, 2025 
Darius Dale, founder and CEO of 42 Macro and a macro strategist, dives deep into the recent Fed decision to cut rates by 25 basis points and its implications for various markets like stocks and bonds. He discusses the potential for more cuts looming ahead, while reflecting on the debates around the 2% inflation target. The conversation also highlights the pressing issues of youth unemployment and AI's impact on jobs. Dale shares practical investment strategies and sector opportunities, advocating for gold and Bitcoin amid monetary debasement.
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Fed Moving Past The 2% Anchor
- The Fed appears to be moving away from rigidly targeting 2% inflation and shifting toward weighing employment more heavily.
- Darius Dale calls this a slow institutional acceptance of a higher equilibrium inflation and monetary debasement risk for investors to price in.
Build Portfolios For Monetary Debasement
- Accept that monetary policy may drift toward more dovish settings and build portfolios around that reality.
- Work backwards as an investor from the likely endgame of monetary debasement when choosing hedges and exposures.
Higher Equilibrium Inflation Reality
- The economy's structural inflation may sit in the high twos to low threes, invalidating an arbitrary 2% goal.
- That higher equilibrium gives the Fed more scope to ease without violating a realistic inflation objective.