Cookie settings
Picture
Kontakt
Picture

The Fed is more confident on the recovery and brings forward to 2023 the first hike

In Kürze

The Fed has grown more confident in the positive signals the economy is providing and in a surprising move, brough forward to 2023 the date of the lift-off and foreseeing two rate hikes in that year. This increased confidence was visible in the tone of the press release.

Highlights:

  • The Fed is projecting a faster return to normality, and therefore monetary normalisation could be speeded up; two hikes in 2023, bringing the Fed funds rate to 0.625%, are now deem appropriate.
  • Growth projections for 2021 were marked up, and expected inflation was raised. However, the medium-term forecasts remain broadly unchanged with respect to March. The spike in inflation is considered transitory.
  • The FOMC started talking about talking about tapering. No timeframe was hinted at but we expect an announcement by the September meeting.
  • The surprise move lifted bond yields, especially at the short end of the curve and caused the S&P500 to lose 0.6% on the announcement.

Download the full publication below

The Fed is more confident on the recovery and brings forward to 2023 the first hike
PDF
Unsere Fonds
Nachhaltiges Investieren
News & Einblicke
Über Uns
Kontakt
Picture
Picture

© Generali Investments, alle Rechte vorbehalten. Diese Webseite wird von Generali Investments zur Verfügung gestellt und gilt als Marketingkommunikation und Finanzwerbung in Bezug auf die Produkte und Dienstleistungen der folgenden Unternehmen der Generali Gruppe: Generali Investments Partners S.p.A. Società di gestione del risparmio, Generali Insurance Asset Management S.p.A. Società di gestione del risparmio, Generali Investments Luxembourg S.A. und Generali Investments Holding S.p.A. (im Folgenden zusammengefasst Generali Investments). Darüber hinaus kann die Webseite Marketingkommunikation und Finanzwerbung für Produkte und Dienstleistungen von Unternehmen enthalten, die Teil der von Generali Investments Partners S.p.A. Società di gestione del risparmio koordinierten Plattform sind, insbesondere von Infranity, Sycomore Asset Management, Aperture Investors LLC, Plenisfer Investments SGR, Lumyna Investments, Sosteneo Infrastructure Partners SGR, Axis Retail Partners S.p.A. und Generali Real Estate S.p.A. Società di Gestione del Risparmio.

Rechtliche Hinweise
Cookie-Richtlinie
Datenschutzrichtlinie
Geschäftsbedingungen
Urheberrechtsschutz
MiFid