Thanks Kill- yes and no, there wasn't any recruiters involved in this process or applications via LinkedIn or similar platforms. I used my research as a stepping stone and just kept pushing, would be too much to write here but will explain eventually.
Hey Joe another solid report & a huge congrats on your new position! The definition of consistency pays off.
Another question on my end. In the report you talk about if we do see the continuation of disinflation for the dollar we will see a dovish dollar & expected bearish dollar. Why would we also be likely to see lower economic growth too? My understanding is that the dovish stance would promote growth but sacrifice currency strength.
Hey Eddie, thank you for you message my man, much appreciated!
Sure, so as the Fed begins to lower their policy rates that won't instantly trigger a flurry of economic growth. The lag of monetary policy transmissions into the real economy can take up to 12+ months. By the time the Fed start cutting growth will already be on a downward trajectory- the Fed know this themselves, hence why their SEP projections forecast lower growth through 2026.
Financial markets may rally, but the real economy will continue to slow as a result of the hiking cycle.
Congratulation Joe. Is this thanks to the work you've been putting out here in MMH and that has been seen by your recruiters ?
Thanks Kill- yes and no, there wasn't any recruiters involved in this process or applications via LinkedIn or similar platforms. I used my research as a stepping stone and just kept pushing, would be too much to write here but will explain eventually.
Inspiring. Hard work, works.
Catching up on Macro - Gotta be one of my favorite reports out there and congrats Joe, well deserved!
Thank you Muminur, glad that you derive value from this work. We've got more coming!
Hey Joe another solid report & a huge congrats on your new position! The definition of consistency pays off.
Another question on my end. In the report you talk about if we do see the continuation of disinflation for the dollar we will see a dovish dollar & expected bearish dollar. Why would we also be likely to see lower economic growth too? My understanding is that the dovish stance would promote growth but sacrifice currency strength.
Hey Eddie, thank you for you message my man, much appreciated!
Sure, so as the Fed begins to lower their policy rates that won't instantly trigger a flurry of economic growth. The lag of monetary policy transmissions into the real economy can take up to 12+ months. By the time the Fed start cutting growth will already be on a downward trajectory- the Fed know this themselves, hence why their SEP projections forecast lower growth through 2026.
Financial markets may rally, but the real economy will continue to slow as a result of the hiking cycle.