Michael Gapen

Michael Gapen, Chief U.S. Economist at Morgan Stanley, dives into the Fed's future actions amidst inflation concerns and a slowing economy. He argues the Fed will hold rates steady initially but will eventually cut more than expected due to factors like tariffs impacting consumer spending. Gapen discusses how increasing oil prices could influence inflation rates and how these dynamics might affect treasury yields and the U.S. dollar. His insights reveal a complex interaction of policies and international events shaping market expectations.

Join Michael Gapen, Chief U.S. Economist, as he dives into the murky waters of trade policy and tariff impacts on the U.S. economy. He discusses recent trade agreements with Japan and Europe and their potential to stabilize tariffs. Gapen also examines inflation effects on lower and middle-income households and analyzes current tariffs' consequences on GDP and market behavior. His insights help clarify the uncertainty surrounding future trade policies, making it a vital listen for anyone tracking economic trends.