It's Complicated
from Macro Minutes
2022 was complicated, but it was dominated by a one-sided risk event - how high would rates go. 2023 should be even more complicated; policy scenarios could oscillate between various outcomes depending on the depth of the growth slowdown and inflation dynamics. Participants: Jason Daw (Desk Strategy), Head of North America Rates Strategy Blake Gwinn (Desk Strategy), Head of US Rates Strategy Peter Schaffrik (Desk Strategy), Head of UK/European Rates & Economics Adam Cole (Desk Strategy), Chief Currency Strategist Amy Wu Silverman (Desk Strategy), Head of Equity Derivatives Strategy * Research Analyst opinions are their published views, independent of those expressed by Desk Analysts
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