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Investment Event - US Fed opens doors to rate cuts

The Federal Reserve left their funds target range unchanged at 2.25-2.50 per cent
20 June 2019
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    Key takeaways

    • At the June meeting, the Federal Reserve (Fed) left the Fed funds target range unchanged at 2.25-2.50 per cent
    • The Fed made important changes to its projections, revising down the paths for inflation and interest rates
    • Increased uncertainty and muted inflation pressures mean the Fed has adopted a bias to cut interest rates
    • We do not change our asset class views. Prospective risk-adjusted returns for developed market government bonds remain consistent with an underweight position in our global multi-asset portfolios