Hawkish Fed hikes rates 75bps at third meeting on the bounce
As the US central bank lays down a marker that more rises are yet to come in 2022
As the US central bank lays down a marker that more rises are yet to come in 2022
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Drop marks the first decline since September 2021
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As hawkish central bankers prioritise tackling inflation over protecting growth
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Investment company continues slicing equities exposure
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Central bank now predicting inflationary peak of 13%
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All eyes will be on the annual Jackson Hole meeting which may offer clues about the path moving forward
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Key events for UK wealth managers for the week starting 25 July
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As US Federal Reserve makes good on foreshadowing with more aggressive 75bps hike
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Valuations could fall further if weaker economic data and earnings induce panic-selling
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Analysts have yet to revise earnings estimates to factor in impact of Russian invasion and greater inflationary pressures
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Inflation is expected in an escalation and de-escalation scenario so central bankers have to hold their nerve
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Rise takes rates back to the pre-pandemic level of 0.75%
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