The Bond Buyer – Munis mixed, USTs Rally on Short End After Half-Point Rate Hike

May 4, 2022
Original article by Jessica Lerner and Gary Siegel

Scott Pike, Senior Portfolio Manager at Income Research + Management, shared his thoughts on the May FOMC meeting and its potential impact on reducing rampant inflation with The Bond Buyer. Scott suggested that the FOMC’s move- to raise the Fed funds target 50 basis points and begin reducing its balance sheet by $95 billion by September- will not be enough to slow inflation. He is of the belief that it will take well into the second half of the year before knowing if the Fed’s policy changes have the desired impact of curbing inflation to the level the central bank is comfortable with.

Read full article here (paywall).

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