Asset TV 2024 Outlook Masterclass Highlight
In this event highlight, Global CIO Jeremy Schwartz covers the latest with the Fed and his macro outlook, including the key factors influencing interest rates and where they may be headed.
Click here to access the full on-demand replay, available for CE Credit through Asset TV.
Jeremy Schwartz:
You're hearing that from Powell is if they don't lower rates and inflation is coming down, they're actually becoming even more restrictive and they're already well in restrictive territory. So general trend is we think inflation is coming down. We think more progress will come from the shelter, but beyond next year, there's this question of the next few years, the next decade, will higher inflationary episodes come? And it's possible, that is one of the things, I think looking at it too, what is the Fed's neutral rate when they're not too restrictive, not too tight, right? Now, they have two and a half percent. They might take that higher, so rates may not come down all the way to where people think they expect. That'll be one of the interesting things we monitor, but inflation is trending well in our view.
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CE Credit Replay: 2024 Outlook Masterclass
