/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?

 


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VIDEOS AND PODCASTS

Markets Rally After Weak CPI Data
 

Markets Rally After Weak CPI Data

Scott Minerd, Guggenheim Partners Global CIO and Chairman of Guggenheim Investments, joins CNBC to discuss markets on CPI day.

Macro Markets Podcast 

Macro Markets Podcast Episode 26: Mortgage-Backed Securities, Structured Credit, Market Liquidity

Karthik Narayanan, Head of Securitized for Guggenheim Investments, discusses value in the residential mortgage-backed securities market and other ABS sectors. Anne Walsh, Chief Investment Officer for Fixed Income, answers a listener question on liquidity. Jerry Cai, an economist in our Macroeconomic and Investment Research Group, brings the latest on the labor picture and an update on China.







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