The Fed Probably Won't Raise Rates Seven Times in 2022

Real Vision: Finance & Investing

Real Vision

Investing, Business News, News, Business

4.1 • 1.1K Ratings

🗓️ 3 February 2022

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

The ADP employment report for January showed a net loss of jobs, consumer spending is slowing, and President Biden is sending 3,000 troops to Eastern and Central Europe in response to Russian aggression against Ukraine. Like Apple’s, Alphabet’s fourth-quarter results blew away expectations. But those look like exceptions to the rule of a generally mixed earnings picture. Against increasing economic uncertainty and rising geopolitical instability, the Federal Reserve is unlikely to raise interest rates a total of 175 basis points in 2022. Darius Dale, CEO of 42 Macro, joins Real Vision’s Ash Bennington to talk about where markets go from here. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3Hj4jzU Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:35.3	Welcome to the Real Vision Daily Briefing. It's Wednesday, February 2, 2022.
0:39.8	I'm Ash Bennington, joined today by Darius Dale, CEO of 42 macro. Welcome, Darius.
0:47.2	A lot going on today to talk about before we jump in with Darius.
0:51.7	It's been a busy day. The US is currently deploying 3,000 troops to Eastern Europe amid the deepening
0:58.4	crisis between Ukraine and Russia in the region. ADP payrolls fell just over 300,000
1:06.7	payrolls in January. Here's why that matters. It wasn't priced in.
1:11.3	The consensus forecast was for growth of 200,000 to 250,000 additional payrolls,
1:17.9	depending upon the forecast you looked at. 10-year treasury yields declined.
1:23.1	All eyes now turn to the non-farm payroll report this Friday.
1:27.6	And of course, to the next Fed meeting in the eyes of March.
1:31.7	Darius, it's a pleasure to have you here with us today.
1:34.4	Obviously a very busy day. Give us some context. How do you think about what's happening right now in markets?
1:40.5	Yeah, Ash. It's great to be with you guys. I think I short-sold lows of North East weather.
1:45.6	They're backed up for some some sunnier pastures for the next few months.
1:50.0	So thanks for having me in from South Florida.
	...

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