Neuberger Berman President and Chief Investment Officer Joe Amato joined CNBC’s ‘Squawk Box’ to discuss the latest market trends, the upcoming Federal Reserve policy meeting, and the outlook for interest rates.
Amato highlighted the current market volatility, driven by concerns over inflation, rising interest rates, and geopolitical tensions. He emphasized the importance of active management and diversification in navigating the challenging market environment.
Regarding the upcoming Fed policy meeting, Amato anticipates a 50-basis-point rate hike, in line with market expectations. He believes that the Fed will continue its aggressive monetary tightening stance to combat inflation, but also acknowledges the potential risks of overtightening and its impact on economic growth.
Amato emphasized the firm’s focus on identifying opportunities in undervalued assets, including high-yield bonds and emerging market equities. He believes that these areas offer attractive risk-reward potential in the current market. Amato also highlighted the importance of considering ESG factors in investment decisions, as investors increasingly prioritize sustainability.
In summary, Amato provided valuable insights into the current market environment, the Fed’s policy outlook, and Neuberger Berman’s investment strategy. His comments underscore the importance of staying agile, managing risk, and seeking opportunities in undervalued assets and sustainable investments in the face of ongoing market uncertainty.
