Surveillance: Recession Call with Rhame

07/11/23 • 34 min

Lara Rhame, FS Investments Chief US Economist, still expects a recession but says it doesn't have to be severe. Phil Camporeale, JPMorgan Asset Management Multi-Asset Portfolio Manager, says his recession probability has dropped to 25% from 40% in March. Claudia Sahm, Former Federal Reserve Economist, Sahm Consulting Founder & Bloomberg Opinion Columnist, says everything is puzzling with the Fed. Brent Schutte, Northwestern Mutual Wealth Management Chief investment Officer, expects a short and shallow recession. Jonathan Miler, Miller Samuel President & CEO, says housing prices will rise more than people think.
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Previous Episode

Surveillance: Bigger Picture with Calvasina

Lori Calvasina, RBC Capital Markets Head of US Equity Strategy, says if we do have a recession, the market will be able to focus on the bigger picture and it may not be as damaging as some assume. Bruce Kasman, JPMorgan Chief Economist & Head of Global Economic Research, says we'll need a recession in order to get inflation to 3% or below. Alifia Doriwala, RockCreek Group Managing Director, says diversification is key, "especially in this type of uncertain environment." Gennadiy Goldberg, TD Securities Head of US Rates Strategy, sees the first Fed cut in March of 2024.
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Next Episode

Surveillance: US Inflation Cools Sharply

Bill Dudley, Fmr. NY Fed President & Bloomberg Opinion Columnist, says the latest US CPI data won't change the Fed's trajectory in the July meeting. Michael Gapen, BofA Securities Head of US Economics, sees nominal GDP growth remaining healthy until 2025. Megan Horneman, Verdence Capital Advisors Chief Investment Officer, says the Fed can't take their foot off the pedal yet. Michael Darda, MKM Partners Chief Economist & Market Strategist, discusses the US June CPI print.
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