Macro Strategy Views: Democratic clean sweep opens up for repricing Fed, stronger USD
In today’s podcast, we discuss the implications of last week’s surprising Democratic Party victory in Georgia. Near term, we expect a bigger fiscal support package, a stronger US recovery in 2021 and the Fed’s current stance to be challenged, as well as a stronger US dollar later in the year, on the back of the Democratic Party victory. We also discuss why the attack on the US Congress and political uncertainty in general had little impact on financial markets. Head of global macro research, Jakob Ekholdt Christensen, chairs today’s podcast and he is joined by Senior US analyst, Mikael Milhøj , and Senior FX Strategist, Lars Sparresø Merklin.