Franklin Templeton's Desai Sees Fed Rate Hikes Into 2023

The transcript discusses the market's anticipation of the Federal Reserve's actions, particularly in response to inflation and economic conditions. It highlights the stickiness of inflation, driven by supply chain issues and fiscal policies, and the resilience of consumer spending. The conversation also covers the Fed's strategy on interest rate hikes and the market's reaction to these policies, emphasizing the need for a genuine economic slowdown to control inflation.

How does the speaker assess the impact of gas prices on inflation?

What does the speaker suggest about the market's reaction to Jay Powell's statements?

What is the speaker's perspective on the Fed's need to raise rates?