Akane Otani
speaker
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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Appearances
The sell-off that we saw at the end of 2018 was really something, and I think it caught a lot of people off guard.
I mean, as you know, we ended the year with the S&P 500's worst annual performance since 2008.
So that kind of selling pressure, I think some folks were saying, was not warranted by the economic data that we were seeing in the U.S.
I mean, it has been mixed.
It has been volatile around the world.
But generally, I think folks believe that we still have at least a year left of good, steady growth here.
So to some extent, there was a little bit of people coming back into the market after a pretty dramatic sell-off.
That's right.
Those were two other developments that I think really encouraged investors in the past week.
For one, the U.S.
and China's agreeing to meet to discuss trade again, even though it didn't necessarily lead to a concrete resolution.
It just signaled to investors that the two countries are still willing to talk about the issues that are at the table.
And I think there was a little bit of relief that there wasn't a last-minute cancellation.
And then with regards to the Fed, we saw more signs from Fed officials throughout the week that they're willing to take a gradual pace when it comes to rate increases this year.
And that's a kind of messaging that we've been hearing more and more of in the last couple of weeks as the markets have really swung and we've seen economic data sort of coming in mixed.
And I think it's something that investors are really taking to because there was such an emphasis on the Fed last year and this real fear that they were going to move too quickly for the economy and for the markets.
But we saw Fed Chair Powell really emphasizing that policy is not on a preset course and the central bank does have room to pause if the economy shows further signs of deteriorating.
Yeah.
And it's something that Powell was not expected to necessarily be as sympathetic to as his predecessors.
And he has said things along the lines that sort of suggest that the central bank is not there to just bail out the markets.
Showing 541–560 of 1,333 · page 28 of 67
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