The Federal Reserve continues to act in the belief that the US economy is in the midst of a normal cycle, writes Seilern IM CIO Raphael Pitoun.
The Federal Open Market Committee remains in a tightening mode having increased the federal funds rate from 1% to 1.25% as the job market approaches its full potential. This might prove to be a mistake....
We must follow this meeting of the central bankers closely, argues Fabrizio Quirighetti, CIO and co-head of multi-asset at SYZ Asset Management.
Spent seven years at Aviva Investors
Second profit warning since June
Moved to Switzerland in 2010
Joins Vanguard, JPMAM, Hermes in shouldering costs