Is Russian Risk Overpriced?

The video discusses geopolitical risks in Russian assets, focusing on the ruble and stock index. It examines the Fed's interest rate strategy, highlighting the need for rate hikes due to a hot labor market and rising inflation. The discussion includes market reactions to potential Fed actions and the implications for credit markets, including credit spreads and default rates.

How does the current labor market influence the Fed's decision-making process?

What are the potential consequences of aggressive rate hikes on credit markets?

What are the indicators that suggest the Fed may need to raise rates more than currently anticipated?