Fiscal policy is the elephant in the room

Markets are basically on hold ahead of the US rate decision tomorrow. The oil rally, which has the potential to raise risks to inflation, has us on tenterhooks in a week dominated by central bank activity. Markus Allenspach, Head of Fixed Income Research, explains why fiscal policy might now be more important than monetary policy in the US. He also delves into the Fed’s dots and what we might read from them.

00:00 Introduction by Helen Freer (Investment Writing)

00:25 Markets wrap-up by Bernadette Anderko (Investment Writing)

05:38 Fixed income update by Markus Allenspach (Head of Fixed Income Research)

12:56 Closing remarks by Helen Freer (Investment Writing)

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