Asking Jeffrey Solomon for his economic outlook and interpretation of recent data.
speaker1
Jeffrey Solomon
The Fed has room to move more quickly on easing because inflation hasn't spiked and is under control.
Jeffrey Solomon
The Fed will be incredibly accommodative this year and is in an easing mode, which is good for the economy long-term and for equity prices.
Clarifying if Solomon expects a pro-cyclical re-acceleration but not reflation.
speaker3
Jeffrey Solomon
Tariffs haven't caused structural inflation, suggesting firms and consumers have adapted.
Jeffrey Solomon
Worries emerge when job growth slows or unemployment increases, affecting affordability of basic needs.
Counterpoint: Some Fed voters might argue strong data means no need to ease, with potential economic pickup from legislation.
speaker1
Jeffrey Solomon
Fed is more likely than not to ease further this year, probably 50-75bps, providing tailwinds for equity prices.
Jeffrey Solomon
Market is filtering out daily volatility and noise, focusing on Fed easing and solid economic fundamentals.