Macro Matters: Wellington’s Medeiros on the Fed and 2027 Risks
With nominal GDP running above 6% year to date and earnings season kicking off, Mike Medeiros, macro strategist at Wellington Management, explains why corporate profitability has been well-supported and why that support may be fading, in his return to the Macro Matters edition of the FICC Focus podcast, hosted by Ira Jersey, chief interest-rate strategist for Bloomberg Intelligence. The wide-ranging discussion on the macro backdrop heading into 4Q and beyond covers the Fed’s hiking cycle under Chairman Kevin Warsh, the shift away from forward guidance and why current policy rates may still…
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