Ready. Set. MUNI CEFs!

Summary

• The long-awaited Fed pause is likely upon us, signaling a POTENTIAL shift from quantitative tightening to quantitative easing.

• Over the last 8 Fed rate hiking cycles, the average return of the 10-year treasury following a Fed pause is +18% over the next year.

• Inflation is down two-thirds from its peak in 16 months and crude oil prices have fallen, …