According to an interview on BloombergTV with UBS Asset Management’s Head of Fixed Income, Hayden Briscoe, the end of the Fed’s rate hike cycle could be close.
Key highlights
Largest risk exists outside of the US.
The Fed routinely focuses on the domestic economy and gets sucked into a rate hike cycle.
Fed focus never includes the USD outside of the domestic sector.
Libor is showing warning signs.
Risk-off has hit the emerging markets FX.
A global sychronized slowdown in underway.
Historically, a recession follows when Fed rates go up 200 bps and energy prices double.
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