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Investment Event - Fed edging towards the exit

At the June meeting, the Federal Reserve maintained the federal funds target range at 0.00-0.25%
23 June 2021
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    Investment Event - Fed edging towards the exit

    • At the June meeting, the US Federal Reserve (Fed) maintained the federal funds target range at 0.00-0.25 per cent
    • Growth and inflation projections were pushed up; the median expectation of FOMC members is now for two rate hikes in 2023
    • The Committee discussed asset purchases and will have further discussions in the coming months
    • With the economy in an expansion phase, yields have the potential to rise further; hence, we remain underweight US government bonds.
    • The potential for higher yields means we are also selective in our exposure to risk assets