Inflation Won't Derail Munis: Western Asset's Amodeo

The video discusses the severe market correction affecting all sectors, with higher real yields and wider credit spreads. It emphasizes the importance of focusing on high-quality securities and managing portfolio durations. Future market strategies include being cautious with credit and high-yield investments. The economic outlook suggests potential GDP downgrades and recession, but local governments have strong fiscal positions to handle inflationary pressures.

What is the significance of the Federal Reserve's upcoming decisions as mentioned in the text?

How do inflation pressures impact municipal government budgets according to the discussion?