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Jurrien Timmer’s global macro view - June 21, 2021

June 26, 2021

Director of Global Macro Jurrien Timmer helps us unpack what a potential shift in Fed policy might mean for investors’ portfolios.  Jurrien speaks with host Pamela Ritchie about the Fed’s policy to get people back to work and close the gap. He says the narrative of negative real yields becoming even more negative led the market into thinking that the Fed is raising rates too early. Jurrien says this is an overreaction and that the policy will be normalized as the economy is coming back to normal. Jurrien notes that inflation is currently soaring and is transitory. He adds that the Fed has tried to increase inflation four times in the past and has only been successful once.  Jurrien also shares his thoughts on gold and discusses what he has observed in the crypto markets. Follow along with Jurrien’s charts on Twitter: @TimmerFidelity.
Recorded on June 21, 2021