Industry reaction: Fed will have to 'tread carefully' amid rising debt and weak economic data

Next step will be balance sheet normalisation

After the US Federal Reserve hiked interest rates for the second time this year, Investment Week rounds up all the reaction from across the asset management industry.

The US Federal Reserve today announced another interest rate hike of 0.25% in a widely anticipated move, and has signalled another increase is likely to come this year.  However, weaker economic data has weighed on the dollar and US treasury yields, as consumer price inflation slowed for the fourth month in a row, to 1.7% in May. Below, Investment Week has collected comments from across the asset management industry on what we can expect from the Fed in the future: Lee Ferridge, head of multi-asset strategy for North America at State Street Global Markets As widely expected, the ...