All into Account All into Account: ‘FOMC Takeaways’ with Mike Feroli, Chief US Economist
Speakers:
Thomas Salopek, Global Cross Asset Strategy
Michael Feroli, Chief US Economist
The big news at the FOMC was the upward revision of the ’24 and ’25 dots, although Powell’s message seemed less hawkish. Our views haven’t changed, i.e. we’ve seen peak funds and policy will be on hold until around 3rd quarter of next year. We discuss how Fed will proceed in the event of a government shutdown, as well the signaling power of the yield curve.
This podcast was recorded on Sep. 20, 2023.
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