Only a Recession Can Tame West's Inflation: JPM's Ward

The video discusses the current market situation, focusing on the end cycle playbook and the potential for a recession due to persistent inflationary pressures. It highlights the unrealistic market expectations of resilient growth and easing inflation without central bank intervention. The discussion also covers insights from the Jackson Hole symposium, emphasizing the likelihood of prolonged high interest rates due to ongoing labor market pressures and wage growth. The investment community is urged to adjust to this new economic reality.

What factors contribute to the likelihood of a recession as discussed?

In what ways has the investment community struggled to adjust to the current economic environment?