Nicola: Fed Must Keep Inflation Expectations Anchored

The video discusses the Federal Reserve's dual mandate of managing inflation and the labor market, highlighting the market's interpretation of quantitative tightening and rate hikes. It outlines equity strategies focusing on Japanese equities, US quality, and US cyclicals, considering inflation and market risks. The video also explores opportunities in emerging markets and corporate credit, emphasizing real rates and balance sheet management, with a nuanced approach to China property.

What factors are contributing to the cautious stance on risk overall?

What are the implications of the balance sheet management of emerging market corporates?