Fed discos to taper-town!
The Fed has delivered a hawkish surprise after the conclusion of its policy meeting this week. In the immediate aftermath, the US dollar soared, gold prices tumbled, and US stocks are pulling away from their record highs.
Han Tan and his guest, Exinity Chief Market Strategist Hussein Sayed unpack the Fed’s latest statements to the markets, and what they mean for various asset classes moving forward.
The Fed has responded to the better-than-expected US economic recovery by projecting two hikes to US interest rates in 2023. Such a hawkish surprise after this week’s FOMC meeting triggered significant moves in the markets.
This relatively sudden shift in tone has major implications for the outlook of various asset classes, as investors now brace for a potentially sooner-than-expected tapering of the Fed’s supportive measures.
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