Quarterly Outlook
Macro Outlook: The US rate cut cycle has begun
Peter Garnry
Chief Investment Strategist
Summary: Today we pick apart the market reaction to the FOMC meeting, which approximately met market expectations, at least according to the what the market is expecting the Fed to deliver in the way of an accelerated asset purchase taper and three rate hikes next year. The equity market took the event risk as an excuse to buy-the-fact as there was no net new hawkish surprise and long yields remained tame. We also look at the reactions in commodities and FX to the FOMC meeting, preview FedEx earnings and look at a very busy central bank meeting calendar for the day ahead and more. Today's pod features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.
Listen to today’s podcast and have a look at today’s slide deck.
Follow Saxo Market Call on your favorite podcast app: