Josh Shiffrin

Repricing risks post tariff truce

Tony Pasquarello, Dominic Wilson, Josh Shiffrin

A panel of analysts forecasts a low but non-zero recession risk while projecting 1% growth amid a "higher inflation, lower growth" environment driven by effective tariff rates of 12% to 13%. The Federal Reserve is expected to cut rates in 2025 if unemployment exceeds 4.5%, potentially ushering in a dovish regime that supports equities despite narrow paths constrained by bond market volatility and deficit concerns. While U.S. dollar depreciation may cushion equity performance, the discussion concludes with a cultural segment where Josh Shiffrin and Dominic Wilson critique the narrative outcomes of *Lost*, *The Shining*, and *The Departed*.