Citi’s Matt King on Why Inflation Isn’t Transitory and the Fed May Induce a Recession

Audio

Description

Inflation is elevated these days, and markets around the world are pricing in rate hikes. However, risk assets like stocks are doing just fine. There seems to be some presumption that any Fed rate-hiking cycle will be mild and that ultimately inflation will settle down without too much further pain. Matt King, the Global Markets Strategist at Citigroup, isn't convinced. On this episode, he explains why what we're seeing now is the impact of a big "whack" to the global economy, one which has no natural mechanism to rediscover equilibrium or balance. He believes that, for the Fed to actually tame this inflation, it may need to go further than just modest hikes, and move aggressively to tamp down demand, possibly creating a recession.See omnystudio.com/listener for privacy information.

Transcription

This episode hasn't been transcribed yet

Help us prioritize this episode for transcription by upvoting it.

0 upvotes

🗳️ Sign in to Upvote

Popular episodes get transcribed faster

Odd Lots

This episode hasn't been transcribed yet

Other episodes from Odd Lots

What It Takes to Run One of London's Most Popular Pubs

Architect Norman Foster on Why the West Struggles to Build Big

'The Assassin' Fahmi Quadir on How to Survive as a Short-Seller

Why Cerebras CEO Andrew Feldman Built The World's Largest Computer Chip

Martin Wolf on the 'Terrifying' Superpower That the US Wields

Samanth Subramanian on the Undersea Cables That Keep the Internet Alive

Sign in to Audioscrape

Share this moment