He noted that traditionally, these positions have been filled by neutral and qualified candidates regardless of the White House administration. Given that the Fed has telegraphed a pause in the rate-hiking cycle, Duy doesn’t think the recent inversion is the beginning of the end.Īlthough he believes the Fed shouldn’t have carried out the December rate hike, Duy thinks that 25 basis points is not a substantial factor and one that can be recovered from.Ĭhanging focus to Trump’s recent nominees for the Federal Reserve’s board of governors, Duy sees the potential for a disturbing shift toward partisan appointments. He described the batch of economic data released this past Friday as a “goldilocks” report, marked by solid job growth, wage growth and steady unemployment.ĭuy is not overly concerned about the inverted yield curve, saying it only becomes particularly worrisome when the inversion occurs alongside a policy of continual Fed rate hikes. Tim Duy sees no signs of our record economic expansion easing you may have had fears of recession at the end of last year, but he sees no signs of it. In the second half, Josh Brown, CEO of Ritholtz Wealth Management, talked about investment strategy and financial advice. Timothy Duy, economics professor at the University of Oregon, discussed his views on the impact that current Fed policy is having on the economy. In last week’s “Behind the Markets” podcast, Liqian Ren and I were joined by two guests to discuss all things Federal Reserve (Fed) and the implications (or lack thereof) for the markets, and investment strategy and financial advice.
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