In this short clip from Macro EDGE Roundup recorded on 03/07/2024 (available to EDGE members), Craig Shapiro and I discuss the current macroeconomic environment, focusing on recent movements in gold and food markets and reviewing Federal Reserve Chair Powell's testimony.
Craig expresses concern over the persistent inflation and robust economic growth that could challenge the Fed's inflation targets. He anticipates that upcoming economic data, including payroll and CPI reports, could influence the Fed's stance on interest rate cuts.
Craig also comments on market reactions to Powell's testimony, noting a lack of substantial change in his statements and the market's continued bullish trends in response.
📺 In this episode:
00:00 Discussion On Multi-Asset Risk and Economic Outlook
02:01 Analysis Of Financial Conditions and Inflation Goals
03:04 Powell's Testimony and Market Reactions
04:08 Congressional Focus On Bank Regulations and Monetary Policy
05:01 Impact Of Fed's Decisions On Market Trends
05:51 Anticipation Of Economic Data and Market Expectations
06:49 Payrolls Data and Potential Market Implications
07:36 Possible Outcomes Of Economic Data Release
08:37 Speculation On Market Reactions To Unemployment Data
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