
Podcast: Market indulges in risk-on after weak Powell pushback.

Saxo Market Call
Summary: Today features Saxo CIO Steen Jakobsen as we look at last night's FOMC meeting and Fed Chair Powell's unwillingness to push back strongly against market expectations for the path of Fed policy and really unwillingness to provide any guidance beyond data dependence. This sparked a strong risk-on rally as the market indulged in a complacent forecast for the path of inflation and the path for the Fed - something we would push back against strongly. Upcoming earnings, US-China relations and more on the pod. John J. Hardy hosts.
Listen to today’s podcast - slides are found via the link.
Follow Saxo Market Call on your favorite podcast app:
If you are not able to find the podcast on your favourite podcast app when searching for Saxo Market Call, please drop us an email at marketcall@saxobank.com and we'll look into it.
Questions and comments, please!
We invite you to send any questions and comments you might have for the podcast team. Whether feedback on the show's content, questions about specific topics, or requests for more focus on a given market area in an upcoming podcast, please get in touch at marketcall@saxobank.com.
Latest Market Insights
Disclaimer