To Go Too Far or Not Far Enough

The market is all set for a 75-basis-point rate-hike in November, though San Francisco Federal Reserve President Mary Daly stoked an equity rally on Friday when she said the central bank should try to avoid an “unforced downturn” by over-tightening. The U.S. dollar softened against major currency pairs, including the Japanese yen in spectacular fashion, and Treasury yields also declined. Saudi Arabia and China are forging new ties over crude oil, as the geopolitical-macroeconomic landscape continues to shift. Ash Bennington welcomes Warren Pies, the founder of 3Fourteen Research, to talk about what the Fed will look at as it determines policy from here, the key factors driving inflation right now, and the state of the global energy market. We also hear from Victor Shih about China’s priorities for the next five years and its changing position in the global economy. Be sure to tune in on Monday, October 24th to watch the conversation between Victor Shih and Maggie Lake. Learn more about your ad choices. Visit podcastchoices.com/adchoices