FidelityConnects

Tackling inflation: Perspectives on the Fed and impact on global asset allocation - Ilan Kolet

June 20, 2022

On June 15th, the Federal Reserve hiked its key benchmark interest rate by 75 basis points - the highest rate hike since 1994. Stocks immediately rallied following the announcement, as the aggressive hike signalled an inflation slow-down, which could ultimately end fears of a recession. But then, markets were drastically in the red the next day, which is when host Pamela Ritchie spoke with today’s guest, Ilan Kolet. Ilan is an Institutional Portfolio Manager on Fidelity’s Global Asset Allocation Team, and unpacks what this rate hike means from an investment perspective, what might be coming next from the Federal Reserve, and what else is happening globally. Ilan believes the reports and data are showing that inflation will be stubbornly elevated for a while, and reminds us of three questions to ask when understanding inflation: What’s happening? Why should we care? And what are we doing about it? Additionally, Ilan comments on supply chains, housing, and why transparency from central banks is important, among other topics.

Recorded on June 16, 2022.

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