Mashreq Capital's Kettlewell: EM Equities Most Sensitive To Tapering

The transcript discusses the current dissonance within the Federal Reserve regarding monetary policy, focusing on whether to prioritize tapering or rate hikes. It highlights differing opinions among Fed members like Williams, Powell, Bostic, Kaplan, and Bullard. The discussion suggests that the Fed is unlikely to implement both tapering and rate hikes in the same year, predicting tapering in the next year and possibly one rate hike in 2023. Despite the current confusion, the expectation is that the Fed will remain accommodative.

What is the main issue causing confusion within the Federal Reserve?

• The role of international markets

• The impact of inflation

• The appointment of new members

• Whether to focus on tapering or rate hikes

Which group within the Federal Reserve is expected to prevail according to the discussion?

• The external advisors

• The hawks

• The doves

• The moderates

What is the predicted focus of the Federal Reserve for the next year?

• Focusing solely on rate hikes

• Maintaining the current policy

• Concentrating on tapering

• Implementing both tapering and rate hikes

When is the Federal Reserve expected to possibly implement a rate hike?

• In 2024

• In 2023

• In 2025

• In 2022

What is the expected stance of the Federal Reserve despite the current dissonance?

• Accommodative

• Neutral

• Aggressive tightening

• Unpredictable