Is the Next 1% Higher in Fed Funds?

Jamie Diamond said that risk assets have more downside risk if things don't go base case scenario for what might be just considered a soft landed or a mild recession. Jamie Diamond: Next 1% higher in Fed funds, especially as the Fed is obviously participating in quantitative tightening at a time where we're seeing other parts of the globe easing. But one thing I do think is interesting is that we've been trying to track investors sentiment. And again, that is a, as a monolith is very interesting. So there's still some more pain that I think we're going to feel before we can actually level out and find more durable upside.