Industry reaction: Fed will have to 'tread carefully'

Amid rising debt and weak economic data

Tom Eckett
clock • 5 min read

After the US Federal Reserve hiked interest rates for the second time this year, Tom Eckett rounds up all the reaction from across the asset management sector.

In a widely anticipated move, the US Federal Reserve has announced another interest rate hike of 0.25%, while also signalling another increase is likely to come this year.  Weaker economic data has weighed on the dollar and US treasury yields, however, as consumer price inflation slowed for the fourth month in a row, to 1.7% in May. The asset management industry was quick to comment on what we might now expect from the Fed as the US economy edges further along the path to 'normalisation': Lee Ferridge, head of multi-asset strategy for North America at State Street Global Markets: "...

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