This podcast episode explores the recent FOMC meeting and its impact on fixed income markets. The meeting had a clear message about the path ahead for Fed's monetary policy, indicating that the next move is unlikely to be a rate hike and the focus is on maintaining the current target range for the Fed Funds rate. The decision was unanimous and maintained an overall easing bias. The consequences of this messaging suggest a potential shift towards lower interest rates, benefiting spread products in fixed income, agency MBS, corporate credit, and securitized credit.
