What Comes After the Biggest Rate Hike in 28 Years?

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 15 June 2022

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Federal Open Market Committee announced the biggest increase to the federal funds rate in a quarter century, the Bank of Japan stepped up its “yield curve control” efforts, and the European Central Bank met on an emergency basis to address Italy and “fragmenting” bond yields, as monetary policymakers continue to struggle with a crazy, mixed-up macro environment. U.S equity indexes held onto solid gains following the Fed’s announcement of a 75-basis-point rate hike, and yields on 2-year, 10-year, and 30-year government bonds declined. Seeking credibility, the Fed said it’s “strongly committed” to returning inflation to its 2% target. Joseph “The Fed Guy” Wang joins Real Vision’s Andreas Steno Larsen to discuss what today’s moves by the BoJ, the ECB, and the Fed mean for markets and the economy. We also share a segment from today's Crypto Unwrapped episode about Bitcoin, Ethereum, and recent price action in that volatile space. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3mNNFzO. Watch the full Crypto Unwrapped episode here: https://rvtv.io/3xT3viR. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:43.9	Good afternoon everyone and welcome to the real vision daily briefing.
0:56.9	I'm Andreas Larsen speaking on an almost historic afternoon.
1:01.4	We are live on air Wednesday the 15th of June, hot on the heels of the Federal Reserve
1:06.2	press conference.
1:07.9	We've had the first 75 five basis points, high since 1994 ladies and gentlemen.
1:14.6	Jay Powell got on stage today with a very firm initial statement that inflation is
1:18.6	everything that matters.
1:20.9	But we actually have interest rates down a bit after this statement.
1:24.0	So is the flip finally getting ahead of the inflation curve to debate this with me this
1:29.7	afternoon.
	...

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