UBS On-Air: Paul Donovan Daily Audio 'Overstimulation'
UBS On-Air: Market Moves · Podcast owner
June 12, 20243m 7s
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Show Notes
Economists are overstimulated by the US today. We have the excitement of US consumer price inflation. We have the excitement of a Federal Reserve policy decision. Fed Chair Powell’s press conference can be relied upon to dampen economists’ passions. The Fed is unlikely to change policy. The fabled dot plots of policy projections will add confusion (a black mark on a chart gives no sense of confidence or risk).