21 Nov Playbook for a Fed Pivot: Exploring Equity and Fixed Income Market Performance
Posted at 16:06h
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Recent inflation data has tempered expectations for future Federal Reserve tightening, including a potential peak in the terminal rate near 5.0% in May or June of 2023. While the market has welcomed this news, history suggests the path to a Fed pivot could be volatile for stocks due to elevated inflation and interest rate risk.