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Bloomberg Surveillance

Blackrock's Jeffrey Rosenberg Talks Latest Fed Decision

Dec 13, 2023
Jeffrey Rosenberg, Blackrock Managing Director, discusses the latest Fed decision with Bloomberg's Tom Keene, Lisa Abramowicz, and Jonathan Ferro. They analyze Jerome Powell's statements, market reactions, changing dynamics in the market, impact on different segments of society, and strategies for higher returns.
09:46

Podcast summary created with Snipd AI

Quick takeaways

  • The Fed decision supports the transitory view of inflation and encourages investors to hold onto a bullish sentiment.
  • Investors are advised to move their money into term rates and fixed income to lock in higher yields and capitalize on the soft landing sentiment.

Deep dives

The Fed's Validation of Transitory View

During the historic meeting, Jerome Powell's statement supported the transitory view of inflation, giving investors a green light to continue investing. The surprise was the announcement of a 75 basis point increase, indicating the Fed's satisfaction with the validation of their inflation story. Investors are encouraged to hold onto their bullish sentiment until new economic data is released.

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