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Guggenheim’s Minerd Doesn’t See Fed Pivot, Market Expectations ‘Damage’


(Bloomberg) – After the Federal Reserve announced another 75 basis point rate hike, Scott Minerd, global chief investment officer at Guggenheim Investments, thinks the move is not a sign that the bank is looking for a way. The central bank will slow down its campaign. price stability.

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“I wouldn’t call this an axis today,” Minerd told Lisa Abramowicz, Tom Keene and Jonathan Ferro of Bloomberg Television. “I think slowing tightening is not easing.”

Although Fed officials have said they will consider “tightening monetary policy accumulation,” Minerd said that the “artistic” language is a way for central bank officials to attract investors. investors focus on final interest rates and avoid putting more stress on the economy.

“The Fed is saying, ‘Hey, let’s be careful, and understand that we have to get there,’ and before they get there, they’ll most likely do a lot of damage to the economy and financial markets. . ,” Minerd warned.

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