13 min listen
Fed raises rates and hints at pausing its tightening cycle
Fed raises rates and hints at pausing its tightening cycle
ratings:
Length:
16 minutes
Released:
May 4, 2023
Format:
Podcast episode
Description
The US central bank raised its benchmark interest rate by a quarter of a percentage point to the 5.00%-5.25% range as forecast. In his statement following the announcement, Fed Chair Jerome Powell gave hints that the Fed could now be set to pause its current hiking cycle. Tim Gagie, Head of FX & PM Solutions Geneva, shares his thoughts on the outlook for the US dollar, and Ronny Kaufmann, CIO Strategy & Investment Analysis, gives us an update on the latest thoughts of our CIO. 00:14 Introduction by Helen Freer (Investment Writing)00:40 Markets wrap-up by Jonti Warris (Investment Writing)05:33 FX update by Tim Gagie (Head of FX & PM Solutions Geneva)09:42 Update from the CIO Office by Ronny Kaufmann (CIO Strategy & Investment Analysis)14:37 Closing remarks by Helen Freer (Investment Writing)
Released:
May 4, 2023
Format:
Podcast episode
Titles in the series (100)
Sad news rattles early trading: The shocking news of former Japanese Prime Minister Shinzo Abe being shot injected uncertainty into the early trading session. Thomas Caflisch, Head of FX and Precious Metals Solutions, speaks about the euro, which has hit a 20-year low against the US dol by Moving Markets: Daily News