The performance of the US dollar significantly diverged from relative rate spreads.
Investors are beginning to gravitate to global real assets—real estate, infrastructure, transport and natural resources
Themes and implications from the Global Fixed Income, Currency & Commodities Investment Quarterly
David Kelly, the Fed, interest rates
Our view over the past few quarters has been that EURUSD should be rangebound, as the cyclical outperformance of the US economy is offset by the eurozone’s relatively better balance of payments position.
As expected, the Federal Reserve raised its target for the federal funds rate to a range of 2.00%-2.25%. The language in its statement and its economic projections was slightly more hawkish than in its June meeting.
Markets, economy, stocks, growth, global, fixed income, international, asset classes
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