In this episode of The OpenYield Markets Podcast, host Mark Hebert sits down with the czar of macro credit strategy Peter Tchir, Head of Macro Strategy at Academy Securities, a 30-year Wall Street veteran known for connecting Fed policy, market structure, and geopolitics to actionable trading strategies.
Peter breaks down what’s next for the Fed as Powell enters his final meetings, why he trusts jobs data more than headline GDP, and why alternative inflation indicators like Truflation suggest the Fed may be tighter than it needs to be. The conversation also introduces Peter’s framework for the next cycle: “Production for Security” (ProSec) – the push to rebuild domestic production capacity across energy, critical minerals, and semiconductors.
Topics Include:
– Whether Powell cuts again
– CPI vs. real-time inflation data
– The next Fed Chair
– Why the administration may push for lower rates and a weaker dollar
– ProSec investing
🔔 Subscribe for more episodes featuring leaders shaping the future of fixed income.