Making Sense of Quantitative Tightening – A Conversation with Tony Crescenzi, Market Strategist at PIMCO

Advisor Success Series

In this episode, we are pleased to be joined by Tony Crescenzi, Market Strategist and Generalist Portfolio Manager at Pacific Investment Management Company (PIMCO). In addition to providing an updated outlook on the fixed income market, Mr. Crescenzi helps our listeners get a more intuitive understanding of Quantitative Tightening (“QT”), or the Federal Reserve’s initiative to begin reducing its nearly $9 trillion balance sheet as part of a broader campaign to tighten monetary policy in the face of persistently high inflation. How are we to understand both the impact of QT on capital markets functioning as well as on overall borrowing costs? Have a listen to better understand the uncertainty that even financial professionals, let alone the layperson, struggle with in trying to gauge the potential impact of QT.