
Podcast: The Fed must hike until something breaks

Saxo Market Call
Summary: Today features Saxo CIO Steen Jakobsen as we discuss the market's possible overreaction to signs of a de-escalation in the Russian position on Ukraine, how quickly rising yields will again dominate the narrative even if the Ukraine situation fades as a factor, and why the Fed will have to trigger a recession, i.e., "break something" before we can expect any new round of easing, as well as possible time frames for an incoming recession. A look at upcoming key earnings results and macro calendar highlights as well, with the FOMC minutes of the January meeting up late today. John J. Hardy hosts.
Listen to today’s podcast and have a look at today’s slide deck.
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