Robertson Stephens' Garretty on US Economic outlook

The video discusses the World Interest Rate Probability (WIRP) function on the Bloomberg Terminal, highlighting a 0% chance of a Fed rate change. It explores the uncertainty surrounding the Fed's rate decisions, influenced by recent economic growth and inflation data. The narrative suggests that while the Fed may hold rates, the possibility of future increases remains due to strong economic indicators. The discussion also covers the potential for a recession, emphasizing the need for updated economic forecasts and the importance of employment data in shaping monetary policy.

In what ways does the speaker think the tightening cycle may be approaching its end?

What is the speaker's perspective on the likelihood of a recession in the near future?

What adjustments does the speaker believe the Fed will need to make regarding their economic forecasts?