cover of episode UBS On-Air: Paul Donovan Daily Audio 'Right response, wrong reasons?'

UBS On-Air: Paul Donovan Daily Audio 'Right response, wrong reasons?'

2024/3/21
logo of podcast UBS On-Air: Market Moves

UBS On-Air: Market Moves

Shownotes Transcript

Financial markets had the right reaction for the wrong reasons to the Federal Reserve interest rate decision. Certainty about US rate cuts has increased. This should be driven by the details of inflation data, which show clear disinflationary forces. It should not be dependent on the crude, almost vulgar abuse of economics that is represented by the fabled dot plot projections.