Favor short-dated debt maturity and a steeper curve.
Consider owning options on the US dollar due to strong US data and the Fed's potential to wait and see.
Protect portfolios from potential tariffs with low-premium calls on the dollar.
Watch the inauguration speech closely as it may set the tone for markets in the near term.
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Episode notes
Inflation is coming down, while the employment picture is surprisingly robust. What does the latest economic data mean for the Fed – and for markets? Josh Schiffrin, chief strategy officer and head of financial risk for Goldman Sachs Global Banking & Markets, discusses with Chris Hussey.