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Podcast: Money Life with Chuck Jaffe
Episode: Abrdn's Mondillo: The worst of the bond market's pain is behind us
Description: Jonathan Mondillo, head of North American fixed income for abrdn, expects the Federal Reserve to do two more big interest rate hikes -- one now and one in the first quarter of 2023 -- which will keep the bond market choppy, but he believes the worst pain the bond market has suffered this year has passed. He expects the Fed to pause for the remainder of 2023, rather than pivot in its policies, with inflation having peaked but receding slowly. Mondillo cites strong fixed-income fundamentals -- particularly for municipal bonds -- despite the economic slowdown he sees ahead. Eric Veiel, head o...