Episode 44: What’s next for the Fed and the high-yield bond market?
The Investment Intelligence podcast by Allianz Global Investors
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Do You Think the Fed Can Still Tame Inflation?
The curve is flattening like a pancake around 2.5%. I think the market has coalesced around this idea that we are giving the Fed credit on the long end of the curves for taming inflation. The front end of the curve is will they be able to get those hikes? And it's almost the same question in our minds when we see how that's moved. Inflation expectations should likely peak at some point in 2022. That has been a market call to just not have tightened at all.
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