The Fed Has Much More Work To Do

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 1 February 2023

⏱️ 35 minutes

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Summary

The Federal Reserve approved a much-anticipated quarter-point interest rate hike this afternoon — and suggested that another rate rise could be coming next — in its continued battle to tame inflation. And while the central bank’s statement reiterated that “ongoing increases in the target rate will be appropriate,” futures markets are still pricing in a rate cut by the end of 2023. In his press conference, Chairman Jerome Powell said that the Fed remains strongly committed to bringing inflation back down to 2 percent, and that “there remains much more work to do” to achieve sustained price control. Darius Dale of 42 Macro joins Andreas Steno Larsen to discuss the market’s reaction to the Fed announcement, what signals Powell sent to investors, and what other key market drivers we should be watching other than interest rates. Plus, we’ll hear from Danielle DiMartino Booth from the debut episode of The Deep Dive on why we may already be in recession. Watch that entire interview here: http://rvtv.io/3WV4pEQ Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Strings & Things
0:20.0	There's a whole range of strings and things, called strings and things, including cheese,
0:24.6	strings, yollies and cheese shapes.
0:26.7	Find them All in the cheese in Yogurt island
0:28.8	Strings & Things
0:29.9	Hey everyone, if you like this podcast, go behind the paywall to get privileged access
0:36.9	to the smartest minds and finance.
0:39.0	Visit ReelVision.com slash RVPod and use the promo code podcast10 at podcast10 to get
0:46.2	10% off our essential membership for the first year.
0:49.3	Join the ReelVision community and learn how to become a better investor by now to the
0:52.8	top analysis of today's markets.
1:00.9	Good afternoon and welcome to the ReelVision daily briefing.
1:05.6	My name is Andreas Stato and I look forward to send to you live hot on the heels of the
1:11.4	FOMC meeting this Wednesday, the 1st of February.
1:15.4	And I'm pleased to be joined by a friend of mine, but also a great fat watcher this afternoon
1:21.8	to unpack all of the action around this fat meeting.
1:25.0	Darius Dale, the founder of 42 macro great to see you again.
1:28.4	Hey, Andreas, man, it's great to be back great to be back with the ReelVision gang.
1:31.4	Thanks for having me.
1:33.9	Darius, we're going to ask the question today whether the fit will end up reviving animal
1:39.4	spirits on the back of this fat meeting.
1:42.6	Jay Powell got the opportunity to sort of hammer back on risk taking, but he didn't
	...

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