Asks whether macro environment is ambiguous or clear, and about positioning for upcoming inflation data in low conviction, low volatility environment.
speaker1
States macro environment is getting clearer.
speaker2
Today's data was clean and exciting for markets; January is unambiguous - Fed will not be cutting.
speaker3
Blake
Inflation data unlikely to change near-term dynamics as Fed has shifted focus to labor markets.
Blake
Changed Fed call - now have Fed on hold for rest of the year after strong December jobs data.