Credit Spreads Too Expensive, JPMorgan's Michele Says

The transcript discusses the current state of credit spreads, predicting they will rise due to recession risks. It highlights the economic slowdown, suggesting a potential re-acceleration in consumption and housing due to low unemployment. The discussion also covers the Federal Reserve's aggressive stance and the market's response to upcoming quantitative tightening.

What does the speaker anticipate regarding credit spreads by the end of the year?

What is the speaker's opinion on the market's pricing of quantitative tightening?