/perspectives/media/did-the-fed-screw-up

“Did the Fed Screw Up?”

Scott Minerd, Guggenheim Partners Global CIO, was asked this question on CNBC at the Milken Conference.

May 02, 2022

 

 

Key Takeaways:

  • The Fed overdid it in supporting the recovery and now there is too much liquidity.
  • Reversing this process and slamming on the brakes risks another crisis.
  • If the economy stalls and the Fed reverses course, it will lose credibility as an inflation fighter.
  • 10-year Treasury yields have likely reached their peak this year.


Read Macro Alert: An Investor’s Guide to the Runup to Recession

 


FEATURED PERSPECTIVES

May 18, 2022

Fed Aggressiveness Following Delayed Liftoff Sets Up 2023 Collision

The risks of tightening into a downturn.

March 22, 2022

For Lessons on Fighting Inflation, Skip Over Volcker to 1946

Clues from history on how to successfully end the current surge in prices.

March 04, 2022

Credit Returns in the Upcoming Fed Hiking Cycle

Exploring the performance of leveraged credit in past tightening cycles.


VIDEOS AND PODCASTS

First Quarter 2022 Market Outlook 

First Quarter 2022 Market Outlook

Maria Giraldo, CFA, Managing Director, Investment Research, and Evan Serdensky, Director, Portfolio Management, provide our macro and markets outlook.

Macro Markets Podcast 

Macro Markets Podcast: Episode #13: The Fed, Credit Quality, and Bank Loans

U.S. Economist Matt Bush analyzes the latest Fed announcement and labor and inflation data, Investment Strategist Maria Giraldo discusses credit risk while the Fed tightens, and Managing Director Chris Keywork updates on the bank loan market.







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