E112 - A Rate Cut in Every Stocking: Powell’s Xmas Gift
Description
This episode of In Search of Green Marbles was recorded on Wednesday, December 13th at 4.30pm, which was subsequent to the Fed’s December Meeting and Press Conference.
The week’s episode featured Lundy Wright, Weiss’s bond expert. In addition to providing his assessment of the Fed meeting, Lundy offered up his latest take on where things stand in the fight against inflation and how the Fed’s meeting impacted that effort.
Please check important disclosures at the end of the podcast.
Timestamps:
- What is Lundy’s take on the Fed's decision to insert the word “Any” in its latest statement? [2:25 ]
- What is the Fed’s “Dot Plot” and can it be used to accurately predict future Fed Funds rate trends? [4:22 ]
- What could be the unintended consequences of Chairman Powell’s dovish press conference and Fed statement? [12:40 ]
- In Lundy's view, how might the outcome of the latest Fed meeting influence housing affordability? [27:23 ]
Resources:
- The Fed's dot plot: Breaking down the latest projections
- President Biden gives a rare take on interest rates
- What is Fiscal Dominance?
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