Joining me right now at the Aspen Economic Strategy Group Forum, Neil Cash Carry is here. He's the president of course of the Minneapolis Fed. And there is so much to talk to you about.I don't even know uh where you want to start. Um but maybe we'd start with what's actually just happening even inside the Fed because there's a new opening and then there's all the talks about the Kevin and what that means. And I'm curious as somebody who's who's on that board what it feels like.Uh it's uncertain. I mean ther ...

Joining me right now at the Aspen Economic Strategy Group Forum, Neil Cash Carry is here. He's the president of course of the Minneapolis Fed. And there is so much to talk to you about.I don't even know uh where you want to start. Um but maybe we'd start with what's actually just happening even inside the Fed because there's a new opening and then there's all the talks about the Kevin and what that means. And I'm curious as somebody who's who's on that board what it feels like.Uh it's uncertain. I mean ther ...

what we can expect today in the meetings ahead. Joining us, Stephanie Roth, chief economist at Wolf Research, along with Larry Adam, chief investment officer at Raymond James, and Andrew Scizarowski, strategic income portfolio manager at Morgan Stanley Investment Management. I think that is full team coverage.Andrew, we'll begin with you. What is your expectation from the Fed today. And more importantly, what do you want to hear them say.>> No, thanks for having me. I think look the expectations are low for ...

Market Outlook - Verdens Capital advisors haven't set a specific S&P 500 target for a year, focusing on earnings as the primary driver [3] - The market's continued record highs, despite unresolved tariff issues, make the industry cautious about the second half of the year [6] - Concerns exist regarding the long-term economic impact of global debt exceeding 100% of GDP in many developed economies [8] Inflation and Monetary Policy - The industry notes that the Federal Reserve (Fed) is likely to delay interest rate cuts due to uncertainty regarding the impact of tariffs on inflation [9][10] - The potential September rate cut by the Fed is now viewed as a 50-50 chance, contingent on upcoming data and tariff implications [15] - The Fed's decision-making is complicated by the need to balance concerns about slowing growth and a potentially cracking labor market with the unknown impact of tariffs on inflation [12][13][14] Trade and Tariffs - The market initially reacted negatively to the Trump administration's worst-case tariff scenarios, but rebounded when less severe outcomes materialized [5][6] - The postponement of tariffs to August delays the Fed's ability to assess their impact on inflation [9] - The ultimate impact of tariffs on businesses and consumers remains uncertain, requiring a wait-and-see approach [14]