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Edward Dowd, founding partner at OceanSquare Asset Mgmt and former BlackRock executive, highlights two upcoming events: the release of Consumer Price Index (CPI) data on May 12 and the start of Kevin Warsh's term as U.S. Federal Reserve chair on May 15.
Dowd refers to this period as a "baptism by fire," signaling heightened attention to both economic data and policy leadership changes.
Dowd has previously remarked that Wall Street operates with a transactional mindset that is longstanding. In a separate analysis, he stated that China faces an acute phase in its real estate crisis with a negative outlook. His recent comments come as market participants await key U.S. economic data and leadership changes at the Federal Reserve.