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Surveillance: Fed Special

Bloomberg Surveillance

00:00

The Market to One Side, Jeff?

The market to one side, Jeff, I'm with you. It is a guessing game. But I believe the Fed's taken a stab at it, because if we got an SVP two weeks ago, I think in that rate, that dot goes from 5, 1 to 5, 60. The inflation risk is just going to get parked and maybe built throughout the rest of this summer until we get some clarity on what financial stability really looks like. Now, Jeff, you've got to put money to work against that backdrop knowing that maybe this market might be less sensitive to incoming information than usual. How would you manage that?

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