PIMCO Managing Director and Global Economic Advisor Richard Clarida Talks Fed Day
Jun 13, 2024
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PIMCO's Richard Clarida discusses Fed Day news, rate cut possibilities & economic data impact. Analyzing Fed's dual mandate, rate cuts, and yield curve anticipation. Navigating political risks and elections globally for resilient portfolios.
The Fed revised projections to include fewer cuts this year but additional ones in 2025 and 2026, highlighting the importance of updated CPI data in influencing decisions.
Portfolio managers need to stay vigilant amidst geopolitical uncertainties for dynamic and resilient investment strategies to navigate political risks in a multipolar world.
Deep dives
Fed's Meeting Outlook and Data Dependence
Following the recent Fed meeting, Rich Clarida discusses the outcome, emphasizing a potentially hawkish stance. Despite expectations of more cuts, the Fed revised its projections to include fewer cuts this year but additional ones in 2025 and 2026. The discussion highlights the significance of updated CPI data influencing the Fed's decisions and the overall market sentiment.
Trade Dynamics and Political Risks in a Global Market
Rich Clarida addresses the trade landscape focusing on the steepening yield curve and market anticipation of rate cuts. He explains the strategy behind navigating political risks in a multipolar world with numerous elections affecting global economies. The discussion underscores the need for portfolio managers to stay vigilant amidst geopolitical uncertainties for dynamic and resilient investment strategies.
PIMCO Managing Director and Global Economic Advisor Richard Clarida discusses the latest Fed Day. Clarida speaks to Bloomberg's Guy Johnson about the Fed Day news and what to expect going forward.