/perspectives/media/the-fed-decides-while-the-economy-loses-momentum

The Fed Decides While the Economy Loses Momentum

Scott Minerd, Chairman of Investments and Global CIO, calls in to Bloomberg TV on Fed Day to discuss the Federal Open Market Committee’s statement.

December 16, 2020

 

Key Takeaways:

  • High frequency data, like retail sales, show the economy is losing momentum if not weakening.
  • If a stimulus package passes and the Fed doesn’t address modification of its purchase program, markets are vulnerable to a rise in yields.
  • The Fed will have to stay committed to its asset purchase program until it sees the whites of inflation’s eyes.
  • Our interest in bitcoin is tied to the Fed and its accommodative policies.

 


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Brian Smedley, Head of Macroeconomic and Investment Research, discusses major trends likely to shape markets this year.







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