Monthly Macro: Geopolitical Shock, Inflation Risks, and a Market on Edge

The William Blair Thinking Podcast · Apr 1, 2026 · 26m

William Blair macro analyst Richard de Chazal unpacks the market implications of the U.S.–Iran conflict, discussing how the war is reshaping inflation and growth risks and challenging central banks’ playbooks, and why markets may be underpricing the possibility of a more prolonged disruption. Richard also touches on emerging stress in private credit beneath the surface.