/perspectives/media/the-fed-delivers-what-the-market-expected

The Fed Delivers What the Market Expected

Scott Minerd, Chairman of Investments and Global CIO, joins Bloomberg to discuss the Fed’s decision to double the taper rate.

December 15, 2021

 

 

Key Takeaways:

  • Stocks’ relief rally and bonds’ muted response means the Fed gave the market what it expected.
  • Powell again shows flexibility to pivot when he gets new information.
  • The new dot plot and shape of the yield curve suggests setting up for recession in 2023.
  • High asset valuations risk repricing when rates begin to rise.


Read High-Yield and Bank Loan Outlook: Are High-Yield Markets Misjudging Evergrande Risk?

 


FEATURED PERSPECTIVES

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November 24, 2021

Are High-Yield Markets Misjudging Evergrande Risk?

High-yield investors should be weighing the risks of contagion more carefully.


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