PIMCO Strategist on Global Financial Markets, Interest Rates & Fed Policy w/ Anthony Crescenzi | Tao of Chao Podcast 26

The Tao of Chao Podcast

What's ahead for the global economy and financial markets in 2025? Let's look back at past financial policy decisions and data for indicators.
Anthony Crescenzi, Executive Vice President and Market Strategist at PIMCO, shares his expert analysis of what's ahead in 2025. In this wide-ranging conversation recorded at the 2024 Spark Forum (on the eve of President Donald Trump's reelection), Crescenzi discusses the Federal Reserve's approach to price stability and interest rates, America's industrial renaissance, and the future of U.S. monetary policy.
Key topics covered:
- Federal Reserve's 2% inflation target and the true meaning of price stability
- Impact of government spending on interest rates
- U.S. dollar's role as global reserve currency
- Changing demographics and investment implications
- Future of fiscal policy and industrial initiatives
This podcast episode provides essential insights for institutional investors, retirement plan advisors, and investment professionals navigating an evolving economic landscape and political uncertainty.
👓 Learn more about our GUEST
Anthony Crescenzi
PIMCO
Executive Vice President and Market Strategist
Website: https://www.pimco.com/us/en/experts/tony-crescenzi

👓 Learn more about our HOST
Philip Chao
Website: https://philipchao.us
Follow Philip on LinkedIn: https://www.linkedin.com/in/philipchao1/
DISCLOSURE: Views expressed in the Tao of Chao podcasts are individual opinions and they do not represent the employers of each guest or the firm with which each guest is associated. Our podcasts are for educational and informational purposes only and should not be deemed or viewed as investment advice or recommendations. Please consult your personal financial advisor, investment expert, or investment fiduciary before taking any actions about your plan and investments.

Разделы

1. Coming Up... (00:00:00)

2. Introducing Anthony Crescenzi, Pimco (00:00:34)

3. Today's Topic Introduction (00:01:39)

4. Is the state of the US economy strong? (00:02:24)

5. Attaining price stability without 2% CPI (00:05:56)

6. Dual mandate of inflation and labor (00:09:38)

7. Current labor market (00:11:34)

8. Revisiting the past to understand the present (00:13:16)

9. Fed Fund Rate (00:15:44)

10. US Budget, GAO Projections, and Bond Market Predictions (00:21:12)

11. Entitlement program spending (00:29:04)

12. Global investment vs spending (00:30:23)

13. Current Topics and Trends: Climate, AI, etc (00:34:33)

14. Audience: What can 401K advisors do facing global realities? (00:40:20)

15. Audience: Statistics vs consumer sentiment (00:46:37)

16. Wrapping Up (00:50:40)

17. Disclaimer (00:52:00)