Macrocast by FTP & Markets Policy Partners
A pod at the intersection of financial markets and government policy
Macrocast by FTP & Markets Policy Partners
Dog Days of Summer and Earnings Season
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This week, the Macrocast team examines the Federal Reserve's latest policy meeting, where Chair Kevin Walsh held rates steady while maintaining his stance against forward guidance, a decision that drove Treasury yields higher and weighed on equities. The team discusses why the rate hold met expectations, yet a lack of clarity on inflation metrics and the Fed's decision-making framework left markets and analysts wanting more.
The episode also covers steady policy from the Bank of Japan and Bank of England, the market impact of a major hedge fund's liquidation of AI-related positions, and MAG7 earnings that showed strong profitability alongside growing scrutiny of capital spending and reporting transparency. The team closes with a look at economic data on both sides of the Atlantic and key developments in Washington on government funding and Russia sanctions.
For more about the hosts, please see below:
