MM046: The Omicron impact & The Fed turn hawkish

In this episode, I talk to co-founder Piers Curran about the three key areas to monitor to ascertain the impact of Omicron on the global economy. From transmissibility, to vaccine escape and lethality, we look at the timeline necessary to make a more accurate forecast.

We then discuss the latest US jobs report and the surprising pivot from the Federal Reserve to become much more hawkish ahead of their final FOMC meeting of the year. Why have they made this dramatic shift in strategy and will it work?

Our final conversation is a review of the OPEC+ meeting and why US President Joe Biden is having to make a u-turn on his election promises. We also look at the rationale behind why J.P. Morgan is looking for $125/bbl crude oil in 2022, whereas Deutsche Bank is predicting just $60/bbl. How can their views be so different, and more importantly, where do we think it will be by the end of next year!

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