The MUFG Global Markets Podcast: Latest Fed thoughts and themes from the latest monthly - 2 April 2024
This week George Goncalves, MUFG Head of U.S. Macro Strategy, walks through the ever evolving reaction function from the Fed, where George isn’t terribly concerned about the recent Fed hawkish comments. George feels that this has been standard operating procedure, where the Fed tries to calibrate their message after a FOMC meeting. What we learned at the March FOMC is still important, the Fed is increasingly focused on their dual-mandate and will react to labor market weakness just as it would to changes for the path for inflation. George also walked through a special topic theme from the latest Macro2Markets Monthly report, the topic being how healthy is the consumer and are there signs of the wealth effect at work post the recent large rally in financial assets. Lastly, George gave a mini-NFP preview.