Is the Fed Trying to Bring Inflation Down?

The economy grew strongly in q four. It looks to us like it will grow at a decent pace of about two % an c one. But we're certainly not calling for a recession. We still think that short rates is a high quality trade. I think the market has been trained to view credit only through the lands of the faults. If companies are not going to default, then your money is good. So as long as rates are coming down, your credit portfolio is going to be ok.