Ashok Varadhan, Co-Head of Goldman Sachs Global Banking & Markets, dives into the recent fluctuations in US stocks driven by the Fed's rate-cutting forecasts. He discusses whether the market's downturn is an overreaction and emphasizes the resilience of leading companies amid changing economic indicators. Varadhan explores potential growth in US capital markets by 2025, highlighting challenges and opportunities in private markets, investment strategies in emerging markets, and how fiscal support and normalized interest rates could reshape the landscape.

Ashok Varadhan, Co-head of Global Banking & Markets at Goldman Sachs, delves into US inflation and interest rates, the challenges faced by lower quality issuers due to rising rates, the expansion of private credit and its impact on the US economy, and the progress of inflation in the fourth quarter.