meta_pixel
Tapesearch Logo
Log in
Real Vision: Finance & Investing

The FOMC Meeting Begins as the Labor Market Recovery Shows Promise

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.11.1K Ratings

🗓️ 4 November 2021

⏱️ 33 minutes

🧾️ Download transcript

Summary

DB-Nov 03,2021: The FOMC meeting begins today as Fed officials come together to decide on the tapering of their asset purchase program. The economic recovery seems to be slowly but surely underway with the ADP survey for October demonstrating unexpected strength with a 571,000 gain in jobs and the ISM Services index showing rapid growth at 66.7%. Darius Dale, founder and CEO of 42 Macro, joins the Daily Briefing to provide his overview of these developments and how this will influence economic growth. He also explores where bond yields are headed after the Fed announces the course of policy, what sectors are poised for outperformance, and the drivers behind crypto’s explosive run as Ethereum hits its new all-time high. Interviewed by Maggie Lake. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3k39MBl Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Mailchimp would like to talk to you about customers.

0:03.6

A customer is what happens when marketers fail to personalise their marketing,

0:07.8

grouping customers with very different behaviours into one tangled mess.

0:11.8

But with Mailchimp, marketers can use real-time behaviour data to personalise every email for every customer.

0:18.2

So get Mailchimp and turn your customers into customers.

0:22.4

Into it Mailchimp, the number one email marketing and automation brand.

0:26.8

Based on customer numbers for verification email, advertising at Mailchimp.com.

0:36.2

Hello, welcome to the Real Vision Daily Briefing.

0:38.2

It's Wednesday, November 3rd, 2021.

0:40.8

I'm Maggie Lake here with Darius Dale of 42 macro.

0:44.0

Hey, they're Darius.

0:46.2

Hey, I'm changing my name.

0:47.4

It's just Salt Bay Dale from now on.

0:49.6

I'm just just bull markets from here on out, bull markets.

0:53.0

All right, well, I certainly think that is certainly the case today.

0:55.8

You know, after all the anticipation, the US Federal Reserve finally laid out plans to taper its purchases of bond buying starting in November.

1:04.0

They're going to be buying $15 billion less paper each month, 10 billion less treasuries, 5 billion less mortgage-backed securities.

1:10.6

And importantly, for the markets, Jay Powell and the committee reiterated that they are going to be patient on interest rates,

1:18.0

although we can get into a little bit of the hedging that they did.

1:20.4

US stocks as a result, as we were sitting through that press conference,

1:25.0

pairing their losses, rallying across the major indices,

1:28.8

hitting all time highs, a tenure-treasure yield, moving up on that news.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Real Vision, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Real Vision and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.