Published on: July 21st, 2022 • Duration: 49 minutes
The Federal Reserve is determined to control inflation. But the market is pricing in a recession. During the next 12 months, we’re likely to whipsaw from significant rate hikes to exigent rate cuts. Will the Fed reverse course before equities slide to the next level of support? And how do investors account for central bankers’ “sticktoitiveness”? The battle lines are drawn, with the U.S. dollar at the epicenter of what’s now a global struggle.