In this live Roundup episode from the Monetarium 2 conference in DC, we unpack the Fed's hawkish pivot, the growing risk of stagflation, and Powell’s apparent commitment to being "late" with rate cuts. We debate what an SLR exemption means for bond markets, how Treasury issuance and TGA refills could spike yields, and why 2026’s Fed chair pick could upend everything. We also explore global capital flows, the decline of US dollar dominance, and how to navigate a world where almost every asset feels dangerous to own. Enjoy!

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Timestamps:

(00:00) Introduction

(02:00) FOMC Decision

(09:06) Aptos Ad

(09:50) FOMC Decision

(13:09) Noisy Economic Data

(14:14) SLR Changes

(18:43) TGA Drain & Buildup

(24:50) Long Bond Yields

(25:28) Aptos Ad

(26:21) Long Bond Yields

(29:11) Powell Replacement

(34:38) Fiscal Dominance

(39:58) US Assets vs ROW

(46:12) Dollar Losing Reserve Status?

(51:17) Where to Put Your Money

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Disclaimer: Nothing said on Forward Guidance is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed.

#Macro #Investing #Markets #ForwardGuidance