Guinness Global Investors uses RBC Brewin Dolphin as an investment adviser for the Multi Asset Fund range
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Guy Foster, chief strategist, discusses what will be the deciding factor for the Federal Reserve’s interest rate decision – the jobs market or consumer price inflation.
Key Highlights
The hawks take wing:
Major central banks will announce their interest rate decisions over the next couple of weeks. The Federal Reserve and European Central Bank are expected to raise rates, while the Bank of England is expected to hold.
U.S. hike:
The implied odds of a U.S. rate hike moved from possible to probable as consumer price inflation, rather than an overheating jobs market, is pressing the Federal Reserve into action.
Europe’s gas problem returns:
European bond yields rose last week as gas futures climbed on fears of supply shortages due to continued tension in the Middle East.
