a lot of investors very uncertain about the direction of rate cuts into the end of the year. Currently, the market is pricing in around two, but you had Atlanta Fed President Raphael Bostic saying maybe one this year. Do you think given where we stand in the economy today that the Fed has room to cut.I think um I think the Fed right now uh should not cut monetary should not cut interest rates and it's in a very difficult position to try to balance these things. There's a great deal of uncertainty and there' ...

as we welcome in Jeffrey Gunlock. He's the CEO, CIO, and founder of Double Line Capital. Good to see you.It's always great to have you on these Fed days. Jeffrey, what was your biggest takeaway from what you heard from the chair. It seemed like kind of a repeat of the last press conference, except I think his messaging was a little crisper uh this time around.Last time it was sort of like we don't know anything, which doesn't sound very good. And this time it was sort of wait and see. And we're getting to a ...

Joining us this morning, Fidelity Investments director of Global Macro, Yuri Timmer, with us, who I'm sure has been listening in. Yurian, it's good to see you. Of the dual threats that we were just discussing, uh, do you think there's that one is more pronounced than the other.Um, I think they're fairly imbalanced right now. And again, this is the really the first time in decades that the Fed has had to really think about both mandates, right. for the last 15 years or so whenever there was a shock to growth ...

13 June 2025 | 12:54PM AEST Global Metals & Mining Copper cost curve analysis; Top 20 copper miner all-in marginal cost ~US$4.3/lb We have constructed a global copper cash cost curve (cash costs net of credits) and all-in cost curve (including sustaining and growth capex) for the world's Top 20 copper producers (covering >50% global mined production) based on CY24 production, cost and capex data. Our analysis implies all-in marginal cost was ~US$4.3/lb (90th percentile) for the major producers in 2024 (on a ...

It's not at all uncommon for different duration treasury yields to rise and fall at different speeds, creating varied slopes of the yield curve to reflect market conditions. Much more rare is when different duration yields move in entirely opposite directions. Well, in recent weeks, 30-year Treasury yields have risen while shorter term yields have fallen.Pattern last seen in 2001. This shift is driven by a couple interesting factors. First, the Federal Reserve has cut short-term interest rates by 100 basis ...

It's not at all uncommon for different duration treasury yields to rise and fall at different speeds, creating varied slopes of the yield curve to reflect market conditions. Much more rare is when different duration yields move in entirely opposite directions. Well, in recent weeks, 30-year Treasury yields have risen while shorter term yields have fallen.Pattern last seen in 2001. This shift is driven by a couple interesting factors. First, the Federal Reserve has cut short-term interest rates by 100 basis ...

But are you short the dollar. I mean, you mentioned you're into yields. I would say that the easiest long term trades are, you know, the yield curve is going to steep and probably the historic wise, you know, we're going to cut short term rates dramatically in the next year.And, you know, the dollar will probably be lower because of that. A lot lower because of that. How much lower off.10% from our high right now. Yes, I would say that that that's I think that's a year from today. That's probably a realisti ...

LISA: -- THE OUTLOOK FOR CREDIT INVESTING MORE BROADLY. YOU TALKED ABOUT HOW THE U.S. IS GOING TO GO BANKRUPT AND IS ON AN UNSUSTAINABLE FISCAL PATH. DO WE SEE THAT PRICED IN OR IS THERE STILL A RECKONING TO COME.JEFFREY: IT'S CERTAINLY BEHAVING DIFFERENTLY THAN IT WAS FOR THE LAST FOUR DECADES. WHAT WE'VE SEEN IS IN THE LAST 15 YEARS THERE'S BEEN A NUMBER OF CORRECTIONS ON THE S&P 500 AND EVERY ONE OF THEM, THE S&P WAS DOWN MORE THAN 10%, THE DOLLAR INDEX, THE TRADE-WEIGHTED DOLLAR INDEX GOES UP. THIS TIME ...

Give us a tip. What's the what's the one long you would hit for the next contest. Hmm.I would say probably probably the yield curve. It just depends on where. I think it'll be higher at that point in time.Man would be very esoteric. So many think. Well, it would definitely.I would definitely be betting on substantially lower front end rates will have a we'll have a new Fed chair within six months at that point in time. And I think Trump's going to pick someone who's going to be uber dovish. Well, let's talk ...

The Phillips curve is an economic theory that inflation and unemployment have a stable and inverse relationship. https://t.co/RH9tMCzG49 ...