Are We Seeing the Fed's Lag Effects?

Markets held modest gains late Wednesday, as minutes from the most recent meeting of the Federal Open Market Committee suggest monetary tightening will continue, though at a less intense pace, and the policy interest rate may even reach a higher terminal level than initially forecast. That’s as more and more indicators point to slowing growth in the U.S. At the same time, data from Europe suggest things may not be as dire as once feared. Andreas Steno Larsen welcomes Weston Nakamura to talk about central bankers, markets, and the economy (perhaps a little World Cup, too) in the middle of a holiday-shortened trading week in the U.S. Andreas and Weston assess near-term price action in the broader macro context — and separate the hawks from the doves just ahead of Turkey Day. We also hear from Jamie McDonald about position-sizing, portfolio management, and the importance of process in a complex macro environment. Watch the complete “We Got the Message” episode featuring Jamie McDonald here: https://rvtv.io/3F5TtPj. We want to hear from you too – please share your questions, comments, and suggestions! Editor’s Note: Our live chat feature will be unavailable for four to six weeks as we upgrade our video player technology. We apologize for the temporary loss of function. But we assure you the upgrade will more than justify the wait. In the meantime, we will be monitoring the comments section. So, in addition to conversing with your fellow community members, please share your questions there