The Bridge Ep. 25: What's Really Driving Inflation and Market Volatility?

Has the Fed entered a new era?

In Episode 25 of The Bridge, host Sonali Basak, Chief Investment Strategist at iCapital, sits down with Stephen Miran, senior strategist at Hudson Bay Capital Management and former Federal Reserve Governor, to unpack the forces reshaping markets today.

They explore why rising Treasury yields may reflect stronger growth expectations rather than inflation fears, how changing Fed dynamics are contributing to market volatility, and why commonly cited inflation measures may not tell the full story. The conversation also examines housing affordability, supply constraints, global trade shifts, and what investors should watch as governments, central banks, and businesses navigate a rapidly evolving economic landscape.

Recorded on 10/7/26