Rubrics Morning Comment 17.10.22 – Rubrics – Asset Management

17th October 2022

Bruised Bond Bulls See Rate-Hike Pain Sowing Seeds of 2023 Rally

More near-term losses seen with Fed keeping aggressive pace

But hikes may bring 2023 rate cuts as recession risk builds

https://blinks.bloomberg.com/news/stories/RJT6LKT1UM0W

Tug of War That Markets Fear Is Central Banks Versus Governments

High rates pile pressure on budgets and vigilantes resurface

But politicians see urgency to spend on energy, food crisis

https://blinks.bloomberg.com/news/stories/RJNK8HT0AFB4

Fed’s Bullard Leaves Open Possibility of Larger December Hike

St. Louis chief suggests Fed could discuss 75 basis-point move

Says it’s too early to alter policy of shrinking balance sheet

https://blinks.bloomberg.com/news/stories/RJT7XMT1UM0W

White House’s Rouse Says Fed Inflation Push Starting to Work

Economic adviser Bernstein cites chances of US ‘soft landing’

Bernie Sanders criticizes Fed policy as hurting working people

https://blinks.bloomberg.com/news/stories/RJUR9MT1UM0W

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