E193 – How to Play the Fed’s Higher for Longer Rate Path

Inflation on both sides of the border is edging higher, forcing central banks to strike a more hawkish tone, while rising oil threatens to keep the heat turned up on consumer prices. On today’s episode, BMO Global Asset Management portfolio managers Chris Heakes and Alfred Lee, and your host Mckenzie Box, discuss the latest North American Consumer Price Index (CPI) prints, and what they mean for fixed income investing, while also diving into what elevated oil prices could signal about where the market goes from here. Read the episode summary. Mckenzie Box is Director of Product at BMO Global Asset Management. She is joined on the podcast by Chris Heakes and Alfred Lee, Portfolio Managers and ETF Specialists at BMO Global Asset Management. The episode was recorded live on September 20, 2023. ETFs mentioned in the podcast: BMO Mid-Term US Treasury Bond Index ETF (Ticker: ZTM) BMO Low Volatility US Equity ETF (Ticker: ZLU) BMO Equal Weight Oil & Gas Index ETF (Ticker: ZEO) BMO Covered Call Energy ETF (Ticker: ZWEN) BMO Covered Call Canadian Banks ETF (Ticker: ZWB) Disclosure: The viewpoints expressed by the Portfolio Manager represent their assessment of the markets at the time of publication. Those views are subject to change without notice at any time without any kind of notice. The information contained herein is not, and should not be construed as, investment, tax or legal advice to any party. Investments should be evaluated relative to the individual’s investment objectives and professional advice should be obtained with respect to any circumstance. Any statement that necessarily depends on future events may be a forward-looking statement. Forward-looking statements are not guarantees of performance. Commissions, management fees and expenses all may be associated with investments in exchange traded funds. Please read the ETF Facts or prospectus of the BMO ETFs before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all dividends or distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. Exchange traded funds are not guaranteed, their values change frequently and past performance may not be repeated. BMO ETFs are managed by BMO Asset Management Inc., which is an investment fund manager and a portfolio manager, and a separate legal entity from Bank of Montreal.   ®/™Registered trademarks/trademark of Bank of Montreal, used under licence.