DoubleLine Podcasts

MMM Episode 57: First Fed Hike Arrives as Nickel Drama Continues

After reviewing market and macro news for the week of March 14-18, DoubleLine’s Jeff Mayberry and Samuel Lau cover the March Federal Open Market Committee Meeting (FOMC), which brought a summary of economic projections and expected hike of 25 basis points (14:07). Topics discussed include updated projections, Fed Chair Jerome H. Powell’s prepared remarks and plans for reducing the balance sheet (21:59) and Powell’s performance in the Q&A segment and his perfect answer of “none whatsoever” to one reporter (23:18).

The week of March 14-18 delivered St. Patrick’s Day, March Madness and a strong performance for U.S. equities pretty much across the board (1:59). On the fixed income side, there was some yield curve flattening, with the spread between the two- and 10-year yields narrowing (4:10). Commodities were down for the week but still the best-performing asset class on the year (7:58), and Jeff and Sam check in on the LME market for nickel covered in last week’s episode*: It’s still dysfunctional. Looking ahead to next week, PMI numbers get a new moniker, and cooling is expected for home sales and durable goods (37:10).

*MMM Episode 56: A Wild Week for Nickel and a Bailout for Big Shot

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