Our perspective on global micro event and strategies.
Jeremy is a fixed income portfolio manager on the Broad Markets Team. He focuses on global macro and US rates strategies, including developing fundamental and market-driven valuation models and determining relative value across sectors.
Prior to joining Wellington Management in 2011, Jeremy worked as a fixed income portfolio manager and trader on the Open Market Desk at the Federal Reserve Bank of New York (2006 – 2011). He began his career there as an assistant economist in the Research Group (2004 – 2006).
Jeremy earned his MBA from New York University (2008) and his BS in economics and finance, magna cum laude, from the University of Wyoming (2004).
At long last, a more concrete timeline has been unveiled for the much-anticipated removal of US monetary policy accommodation. The Federal Open Market Committee’s (FOMC’s) September 2021 statement and Chair Jerome Powell’s press conference indicated that the FOMC could begin tapering its large-scale asset purchases in November 2021 amid ongoing economic improvement, and that the process could be concluded as early as mid-2022.
The FOMC increased its inflation forecasts and decreased its growth outlook, as labor supply shortages and supply-chain bottlenecks have created greater inflationary pressures than the FOMC previously anticipated. The rising inflationary risks also led the median FOMC participant to now expect the FOMC to hike interest rates three times by the end of 2023 (closer to market pricing) and an additional three times by…