Fed's Patience Isn't Complacency

Dow Jones14:14

0614 GMT - The Federal Reserve's patience should not be confused with complacency, Amundi Investment Institute's Alessia Berardi says. In line with the market, Amundi expects the Fed to keep interest rates on hold on Wednesday. "Admittedly, the labour market now looks less strong and market rates remain high," the head of global macroeconomics and emerging markets strategy says. However, the inflation outlook has not changed, so the Fed still has accommodation to remove, she says.

 

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