Morgan Stanley IM: The Fed Did it “Their Way”
Jim Caron, Co-Lead Global Portfolio Manager and Co-Chief Investment Officer, Global Balanced Risk Control Team, shares his thematic views.02.05.2023 | 11:29 Uhr
- Today’s title is clearly a play on Frank Sinatra’s famous song “My Way.”
- The connection is that the Fed believes what they did was right, albeit not perfect, and they have few regrets about their actions.
- This means they may do more if necessary and this is important, as they are not looking back in error.
- If inflation proves to be unanchored - my biggest fear - the Fed will not hesitate to hike more, regardless of what they say at the post May 3 meeting presser.
- So, what comes next? We discuss in today’s audiocast.