Along the curtains and not necessarily to provide Public Comment we invite you to fill out a comment card and leave on the trail by tray. You may submit Public Comment in writing, email to myself the Budget Finance Committee clerk at brent. Julipa sfgov. Org. If you submit Public Comment via email you will be forwarded to the supervisors and also included as part of the official file. You may send written comments u. S. Postal service to our office at 1 dr. Carlton b goodlett place, room 244 San Francisco california 94102. Finally madam chair, items acted upon today are expected to appear on the board of supervisors agenda of may 7 unless otherwise stated. Madam clerk. Thank you mr. Clerk. Typically with those items with budget legislative analyst report, we have presentation and then the budget legislative analyst and questions and Public Comment. With that, mr. Clerk, please can you call item 1 . Yes, madam chair. Item 1, ordinance amending the administrative code to prohibit the Fir
To the west side of the chamber along the curtains and not necessarily to provide Public Comment we invite you to fill out a comment card and leave on the trail by tray. You may submit Public Comment in writing, email to myself the Budget Finance Committee clerk at brent. Julipa sfgov. Org. If you submit Public Comment via email you will be forwarded to the supervisors and also included as part of the official file. You may send written comments u. S. Postal service to our office at 1 dr. Carlton b goodlett place, room 244 San Francisco california 94102. Finally madam chair, items acted upon today are expected to appear on the board of supervisors agenda of may 7 unless otherwise stated. Madam clerk. Thank you mr. Clerk. Typically with those items with budget legislative analyst report, we have presentation and then the budget legislative analyst and questions and Public Comment. With that, mr. Clerk, please can you call item 1 . Yes, madam chair. Item 1, ordinance amending the adminis
Good morning. The meeting will come to order. Wrel welcome to may 1, 2024 meeting of Budget Finance Committee. Madam chair, not quite yet. Sorry. Good morning. Lets start over. The meeting will come to order. Welcome to the may 1, 2024 meeting of the budget and finance committee. Im supervisor chan, chair. Joined by vice chair mandelman and supervisors melgar and now also board president aaron peskin. Our clerk is brent julipa i like to thank calina mendoza from sf gov tv. Please make sure to silence cell phones and electronic devices. Should you have documents to be included as part of the file submit to myself, the clerk. Public comment will be taken on eachetum. When your item comes up please line up to the west side of the chamber along the curtains and not necessarily to provide Public Comment we invite you to fill out a comment card and leave on the trail by tray. You may submit Public Comment in writing, email to myself the Budget Finance Committee clerk at brent. Julipa sfgov.
The labor market is starting to take hold with wages and employment. I think the market is waking up to the fact that the plan that the fed put in place is actually justified. We have more policy uncertainty which can naturally lead to more Economic Uncertainty which will lead to more market uncertainty and that will end up with more volatility. These things take time. Its hard to have such a dislocating move without creating all kinds of wreckage around that you are not expecting. Lower longterm yield, that could lead into higher evaluation. I dont see a financial crisis on the horizon. We are paying close attention to it. Qe unwind more getting priced in. The boj was buying. While that is unwinding, the entire market is realizing that , that is stepping away. Jon get ready for more volatility. Around the table, greg peters of pgim fixed income, Bonnie Wongtrakool from western asset ofagement and rob waldner invesco fixed income. Is the volatility going to spread across assets . For t
I think the market is waking up to the fact that the plan that the fed put in place is actually justified. We have more policy uncertainty, which can naturally lead to more Economic Uncertainty which will lead to more market uncertainty and that will end up with more volatility. Im going to argue it is not really done. These things take time. Its hard to have such a dislocating move without leaving all kinds of wreckage around that you are not expecting. If the stock market is pricing in lower longterm yield, that could lead into higher evaluation. I dont see a financial crisis on the horizon, but we are paying close attention to it. I think this is more qe unwind getting priced in. The ecb was buying, and the boj was buying. While that is unwinding, the entire market is realizing that cute he isom stepping away and we have to get ready for more vol. Jon get ready for more vol. Around the table, greg peters of pgim fixed income, Bonnie Wongtrakool from western Asset Management, plus co