WHY THE FED IS ALWAYS LATE | Raoul Pal ft Julien Bittel | The Everything Code @RaoulPalTJM
WHY THE FED IS ALWAYS LATE | Raoul Pal ft Julien Bittel | The Everything Code  @RaoulPalTJM
Uploaded October 2025 | Updated September 2026, 3 weeks ago
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In this very special edition of The Journey Man, Raoul Pal welcomes GMI head of macro research Julien Bittel for a live presentation of the Everything Code, their big picture thesis on the macro forces that will drive markets for years to come.

• 🕰️ Too Late to Act: Central banks like the Fed and Bank of England consistently cut and hike rates after the market has already moved. They're always playing catch-up. 📊
• 🇬🇧 UK in Focus: Despite early signs of rising inflation (CPI up 2.1% since Sept 2024), the Bank of England has already cut rates 5 times — a full 125bps! 😲
• 📉 What’s Next: As inflation remains broad but subdued and unemployment stable, central banks still have the green light to cut more. But the real story? Most investors are looking at the wrong data. 🚦📉

#InterestRates #MacroEconomics #RaoulPal #FederalReserve #BankofEngland #Inflation #CPI #MonetaryPolicy #FinanceShorts #MacroInsights #JourneyMan

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WHY THE FED IS ALWAYS LATE | Raoul Pal ft Julien Bittel | The Everything Code

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