Did the Fed's Message Fall Short?

Real Vision: Finance & Investing

Real Vision

Business, Business News, News, Investing

4.2 • 1K Ratings

🗓️ 15 June 2023

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stocks rally and rates drop as investors wonder what the Fed can do from here. Jeremy Schwartz, global CIO at WisdomTree Asset Management, joins Maggie Lake to discuss the implications of yesterday's Federal Reserve interest rate pause, the resiliency of the U.S. economy, whether we're seeing softening in the labor market, and where investors can find opportunities in these tricky markets. You can find more of Jeremy's work here: https://www.wisdomtree.com Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:35.6	become a better investor. I'm now to the top analysis of today's markets.
0:47.2	Did the Fed's message fall short? Hi everyone, welcome to the Real Vision
0:51.3	Daily Briefing with me today's Jeremy Schwartz Global Chief Investment
0:55.0	Officer at Wisdom Tree. Hi Jeremy, it's great to see you. Thanks for having me, Maggie.
0:59.2	Good to be with you. Yeah, and kind of an interesting day, right? We watch
1:03.2	the Fed yesterday, pal, and gang do their best to characterize the decision as a
1:08.8	hawkish skit, really emphasizing that fight on inflation, but it doesn't seem
1:12.7	like the market's reading it that way. US stocks all in rally mode up over 1%
1:17.8	treasurer yields are down. What do you make of this? There's something for everybody in
1:23.3	that kind of statement. And actually, the data has been coming.
1:27.0	Well, we've said, hey, it's end of the market today. It's sort of like this
1:30.2	Goldilocks market where it's not too hot. It's not too cold.
1:34.2	Fed's just kind of right. Now, we think they are being too hot, too hawkish actually.
1:39.4	We actually don't think the economy's quite as strong and a sense of inflation.
1:44.7	We think he's coming way down more than Powell is even saying, but he's made good comments.
	...

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