NatWest Markets' Girard: Economy Has Shown Resilience

The transcript discusses the market's reaction to potential Fed rate changes, highlighting that the hysteria over high rates has calmed. It covers upcoming economic data, such as labor market reports and CPI, and their implications. The labor market is analyzed, showing healthy trends but concerns over wage inflation. Consumer spending and market resilience are noted, despite higher interest rates. The Fed's approach to economic uncertainty post-pandemic is explored, emphasizing their data-dependent strategy.

What are the implications of the Fed's stance on wage inflation for future monetary policy?

How does the concept of excess savings relate to consumer spending and interest rates?

What challenges does the Federal Reserve face in adapting its policies post-pandemic?