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.
Trend
recordings per month · last 12 monthsNo recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.
Appearances
Well, I think for starters, there's a big relief over the Fed and what we're expecting them to do over the following year.
And it's a little bit interesting because some folks out there are saying the markets have overreacted to what we're seeing.
But essentially, the Fed earlier in the week signaled that it could take a more gentle pace when it comes to rate increases in the following year.
So that means we'll probably see a rate increase in December.
But what's next after that is a little bit more up in the air than it seemed to be previously.
And that's good news for stocks and bonds, which really came under pressure back in February, in part because of fears around rate increases.
That's the big question.
And I think when it comes to Powell, a lot of the bond traders in particular that I spoke to earlier in the week said that he really was careful to leave room for the Fed to sort of tweak its definition of what a neutral range of rates might look like.
And so that means if we start seeing unexpectedly strong economic data or signs that inflation is actually picking up faster than expected, that would theoretically leave the Fed room to revise its expectations for rate increases again.
So there were definitely people saying the markets may have rallied a little bit too much on that news.
Definitely.
And I think that's especially true when we look at all of the things that have happened in markets in November that weren't necessarily reflected in the most recent Fed minutes that we took a look at.
So oil prices fell into bear market territory.
We had stocks going through some volatile bits there and more weak data out of the housing sector.
And those are all things that I think investors are waiting for the Fed to comment on in greater detail to see if those sort of downbeat aspects of the markets and the economy do anything to shape their view of rate increases heading into the new year.
That's right.
We actually saw real estate sector finish up 5.3% in November.
That was almost triple what the S&P 500 did, which is really kind of funny when you think about what the housing sector has looked like as of late.
I mean, in November, we got data showing new home sales falling at the fastest rate since 2017.
We saw more signs of home price gains slowing.
Showing 581–600 of 1,333 · page 30 of 67
← Previous
Next →