/institutional/perspectives/media/the-fed-had-to-be-very-hawkish

"The Fed Had To Be Very Hawkish"

Scott Minerd, Chairman of Guggenheim Investments and Guggenheim Partners Global CIO, joins Bloomberg TV on Fed Day to discuss the downshift in rate hikes.

December 14, 2022

 

 

Key Takeaways:

  • The Fed delivered the message that the market wanted to hear.
  • Financial conditions have loosened dramatically over the last six weeks.
  • Holding fed funds at the Fed's projected 5.1 percent rate for an extended period could cause a severe recession.
  • A 10 percent decline in S&P earnings is not hard to predict.


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