Quarterly Outlook
Macro Outlook: The US rate cut cycle has begun
Peter Garnry
Chief Investment Strategist
Summary: Today we round up yesterday's FOMC meeting and weigh the initial reaction after the Fed effectively flashed a very accommodative green light for risky asset and for USD bears, versus the follow-on nervousness due to the ongoing question of whether the Fed is making a "policy mistake" in seeing the rise in longer US yields as entirely benign. A look through the reaction in USD, US Treasuries, gold, credit, upcoming calendar events, Tesla versus the German automakers and more on the call. Today's episode with Peter Garnry on equities, Althea Spinozzi on fixed income, 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.
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