Fed Has 'Precarious Needle to Thread': UBS's McCartney

The transcript discusses the Federal Reserve's ongoing rate hikes and the challenges it faces in managing high inflation. It highlights the impact of economic tightening on future quarters and the market's reaction to these policies. The need for the Federal Reserve to maintain investor confidence and ensure sustainable market growth is emphasized, despite slowing growth and persistent inflation.

In what ways is the Federal Reserve's approach to tightening monetary policy described as 'difficult'?

What are the expectations for the Federal Reserve's actions in the upcoming weeks, according to the text?