Have We Reached Peak Hawkishness?

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 18 August 2022

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

Although the decision to raise interest rates by 75 basis points was unanimous, minutes from the July meeting of the Federal Open Market Committee show multiple officials acknowledged a risk that the central bank could tighten “by more than necessary” in its effort to control inflation. Officials also observed that the bulk of tightening effects have yet to be felt, noting that unemployment would likely rise from here. Underscoring the global nature of this inflation phenomenon, the U.K. Consumer Price Index surged to a 40-year high of 10.1% in July. Darius Dale, the founder and CEO of 42 Macro, joins Real Vision’s Andreas Steno Larsen to talk about the FOMC minutes, what recent data, including U.S. retail sales, suggest about the Fed’s future path, and the worrying stagflationary signs from overseas. We also hear from Roger Hirst about what the CPI and interest rates can tell us about a recession. Watch the entire episode of Insider Talks featuring Roger Hirst here: https://rvtv.io/3wbmO5K. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:42.4	Enjoy the show.
0:44.4	Good afternoon, everyone, and welcome to the real vision daily briefing.
0:56.9	I'm Andreas Daniel from Real Vision, sending to your live Wednesday, August 17th.
1:01.6	We saw an initial positive reaction in equity markets to this set of minutes, to unpack
1:05.3	all of the market actions surrounding the new, if I'm seeing meeting minutes, I have
1:10.6	a friend of mine, Darious Dale, joining me in 30 minutes.
1:14.0	It's very good to see you again, Darious.
1:16.2	And, Andreas, let's get to see you, as men, blot's going on in macro as usual.
1:20.4	Darious, let's start with these new, fat meeting minutes.
1:24.4	What should take on the message being sent from the Federal Reserve?
1:27.2	I think it's got a slightly dovish tone to it, if you kind of really, you know, pass
	...

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