“I think bottom line is they hike once and they keep the optionality to hike further—but they’re not overly obsessing about equity risk premia right now, or credit spreads relative to the trajectory of core inflation, service inflation and CPI.”
– Troy Gayeski, Chief Market Strategist
Chief Market Strategist Troy Gayeski joined Jonathan Ferro on “Bloomberg The Open” to talk Fed rate hikes and what the increase means for investor planning.
He addressed the Fed’s ongoing response to elevated inflation, labor market resilience (unseen since the 1970s) and where these market conditions may take equities next.
Watch the video to hear more from Troy.