Bloomberg Talks
PIMCO Managing Director and Global Economic Advisor Richard Clarida Talks Fed Day
Jun 13, 2024
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.
09:25
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- 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.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
