BlackRock's Wei Li: Fed Won't Be Able to Cut Rates in 2023

The video discusses the shift in asset allocation due to a new economic regime, highlighting the need for a new playbook. It forecasts a recession with potential inflation surprises, emphasizing central banks' limited ability to cut rates. The market is shaped by supply constraints, aging demographics, and geopolitical fragmentation. The video advises caution with long duration bonds and analyzes China's economic outlook, suggesting a higher risk premium due to lower growth and less efficient macro-to-micro transmission.

In what ways does the leadership change in China affect its economic outlook?

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What are the potential risks associated with investing in China government bonds?

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