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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
    Disclaimer

    Commissions, trailing commissions, management fees, investment management fees and expenses all may be associated with mutual fund investments. Please read the prospectus and Fund Facts before investing. Mutual funds are not guaranteed or covered by the Canada Deposit Insurance Corporation, HSBC Bank Canada, or any other government deposit insurer or financial institution. The net asset values of all mutual funds, including the Funds, change frequently and any past performance may not be repeated. For money market funds, there can be no assurances that such funds will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. Read more