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Podcast: Money Life with Chuck Jaffe
Episode: Macquarie's McCormack expects 'constructive environment,' healthy growth
Description: Daniel McCormack, head of research for Macquarie Asset Management, says that heightened volatility in 2025 should make investors want to stay nimble and flexible, but he expects reasonable growth and a healthy environment. Sharing his outlook for 2025, McCormack says he expects China to begin "exporting inflation again," which could the U.S. back above a 3 percent inflation rate, which might slow down the pace of rate cuts, but it won't throw the economy into a recession. Larry Holzenthaler, portfolio manager for First Eagle Alternative Credit, gave his outlook for credit markets in 2025, noting that after avoiding default troubles when rates w...