Today we’re joined by fixed income portfolio manager Jeff Moore. Jeff provides his insights on the fixed income markets for the short and long term, what the Fed’s latest moves mean for the markets and what impact the midterm elections could have on investors. Jeff believes the bulk of the Fed’s interest rate hikes are over for the year, however, the Fed can announce two more hikes by the end of December. Jeff also comments on the recent results of the midterm elections. Jeff says no one really cares if the Senate flips and he believes the current President isn’t going anywhere. He also adds with political gridlock you don’t have to worry about the Fed raising extra interest rates to offset the fiscal stimulus. The more fiscal stimulus there is, the more likely the Fed will raise rates.

Recorded on November 8, 2022.

Transcript (PDF): https://www.fidelity.ca/content/dam/fidelity/en/documents/transcripts/transcript-podcast-fidelityconnects-moore-nov8-22.pdf

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