Episode 87: The Rate Stuff: What Markets Are Saying About the Macro Outlook
12 MAR 2018 - What are the markets telling us about expectations for the economy and monetary policy? We sat down with Francesco Garzarelli, co-chief markets economist of the Global Macro Research team, who says recent upticks in volatility reflect a stronger US growth outlook and uncertainty about how the Federal Reserve will respond to it. He discusses why investors should pay attention to the “term premium” reflected in bond prices to assess whether investors are too complacent about inflation, and the implications of divergence in monetary policy between the US, Europe and Japan.
This podcast was recorded on March 6, 2018.
All price references and market forecasts correspond to the date of this recording.
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