Fed’s Dovish Surprise With BE’s Stuart Paul: Macro Matters

“The last mile on inflation will be difficult, but the Fed is more optimistic that they can thread the needle,” says Stuart Paul, US and Canadian Economist for Bloomberg Economics. Paul joins FICC Focus host and Chief US Rates Strategist Ira Jersey, and Associate US Rates Strategist Will Hoffman to review the results from the December FOMC Meeting. Paul and the US Economics team anticipated the dovish tone from Chairman Powell, yet highlight several areas of surprise, such as the Fed’s confidence in a soft landing despite a slowing macroeconomic backdrop. Jersey, Paul and Hoffman dissect the outcome of the meeting and discuss the implications for domestic rates markets and the economy across the short and long term.