Akane Otani

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1,333 appearances 33 recordings 1 series first heard Aug 2017 last heard Mar 2023

Akane Otani’s voice in public audio — every appearance, attributed to the second.

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And it also sort of reflects the fact that growth in the U.S.
certainly looks better than growth in Europe and a lot of Asia today.
But we're not expecting to see 3% growth again in the second quarter.
In fact, the estimates for Friday's GDP reading are more looking like around 2%.
So that suggests we have a solid economy, but we're not racing higher.
Yeah.
And I think that makes sense because it makes it difficult for investors to position their money for the long term.
If we're not sure if there's going to be a recession next year or the year after or even the year after that, we're not totally sure.
Should we be allocating more of our money into the U.S.
market yet or is it a little bit late in the game for that?
So I think that's why some of this uncertainty is still hanging over the markets these days.
Thanks for having me.
Yeah, it's hard for people to imagine that stocks that have returned to record territory and economic data as well pointing to some resilience in the economy, that that sets up a condition where the Fed has to cut rates and specifically cut rates by 0.5 percentage points.
as its first move.
I mean, remember, this is going to be the first rate cut since the financial crisis.
So while there are a lot of analysts and investors who believe, you know, maybe they're going to sort of do an insurance cut and basically take rates down by 0.25 percentage points just to sort of safeguard against a slowing of the economy, it's really hard for a lot of folks to imagine that they're going to do something more drastic than that.
We started the month with really strong figures for the job market and that was reassuring because the month before we had seen weaker than expected hiring and that had sort of introduced some worries to some folks that maybe the weakness that we were seeing in sectors like manufacturing was
starting to trickle elsewhere into the economy.
But the labor market report that we received was very much sort of helped put those worries to bed.
And then we got stronger than expected pickup in inflation and also in retail sales.
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