logo
episode-header-image
Sep 2025
13m 39s

It’s Fed day!

JULIUS BAER
About this episode

Yesterday brought a mixed set of signals across global markets. We saw unexpected optimism from Germany, developments on the US–China trade front, stronger-than-expected US retail sales figures, and mounting anticipation ahead of the Federal Reserve’s interest rate decision. Equity markets in both Europe and the US ended the session lower, partly weighed down by profit-taking ahead of the policy announcement. In contrast, gold surged to new highs, breaking through the USD 3,700 per ounce mark. Today, all eyes are on the Fed, its forward guidance, and Chair Jerome Powell’s press conference that will follow the rate decision. Joining us on the show is Mathieu Racheter, Head of Equity Strategy Research, who provides deeper insights into the rate decision, equity market valuations, and the outlook for emerging markets.

  • (00:00) - Introduction: Bernadette Anderko, Product & Investment Content
  • (00:21) - Markets wrap-up: Lucija Caculovic, Product & Investment Content
  • (06:30) - Equity markets in Fed week: Mathieu Racheter, Head of Equity Strategy Research
  • (12:31) - Closing remarks: Bernadette Anderko, Product & Investment Content


Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.

Up next
Today
US inflation data, Nvidia, and Jackson Hole will shape the week ahead
Stronger-than-expected US PMI data could not save equities from a down week as rising bond yields and the Treasury's bond-buying intervention renewed dollar debasement fears, fuelling a blistering rally in gold and Bitcoin. Trade tensions returned as US-Canada talks collapsed ove ... Show More
10m 45s
Aug 22
The View Beyond: Strong Q2 earnings season supports broader equity story
The Q2 earnings season delivered a strong set of results, with positive surprises across sectors and regions. As investors look ahead to the remainder of the year, the broadening of earnings growth and market participation is creating opportunities beyond the dominant AI and tech ... Show More
14m 22s
Aug 21
Stocks dip as oil and bond yields rise
Markets largely dipped yesterday as geopolitical tensions, rising oil prices and disappointing guidance from Walmart weighed on investor sentiment. After yields fell on Wednesday following the announcement from the US Treasury of doubling buybacks of longer-term debt, yesterday t ... Show More
11m 8s
Recommended Episodes
Jul 2022
Why is Gold falling?
Sentiment is mixed. The S&P500 eked out small gains after a volatile session. The FOMC minutes, released yesterday, came as a confirmation that the Federal Reserve (Fed) remains fully committed to bringing inflation down, even if it means slower growth. But, the recession talk, l ... Show More
10m 58s
Jul 2025
Fed Uncertainty and Trade Pivots
Asian stocks struggled for direction at the open after US markets had a volatile session amid speculation about the future of Federal Reserve Chair Jerome Powell. In tariff news, President Trump dialed down his confrontational tone with China in an effort to secure a summit with ... Show More
20m 8s
Aug 2022
The Sun Overdose for European stocks...
The week starts moody in Asia, as economic data from China and Japan missed estimates early this Monday. Crude oil begins the week under selling pressure around the $91 per barrel. US index futures are down, but interestingly, the European futures were better bid in Asia; but new ... Show More
11m 3s
Dec 2023
Markets gone wild
<p>Last week’s Fed statements revealed that its Open Market Committee was thinking about the possibility of interest rate cuts at some point, and the markets responded with insane glee, unexpectedly sending the S&amp;amp;P 500 up to nearly an all-time high. Today on the show, hos ... Show More
18m 10s
Dec 2022
How to Position into the Fed Meeting
Stocks are relatively flat while treasury yields moved higher following an upside surprise in U.S. PPI this morning. Producer prices rose 0.3% month-over-month in November, above market forecasts of 0.2%. In today’s show, Maggie Lake is joined by Spectra Markets’ president Brent ... Show More
42m 20s