Isaac Poole from Oreana Financial Services shares his view that the US Federal Reserve maintained the steady interest rate to buy time and assess inflationary pressures. He notes that the bond market indicates a hike well and truly priced in at the upcoming meeting.

However, Isaac predicts a slowing probability of a price hike in September due to slowing inflation. In his view, Isaac anticipates a dovish hike this week from the Fed, a move he believes will not shock the market. Isaac discusses that if this occurs, equity markets may grind higher. He also notes that this, along with signs of slowing inflation and an impact on the economy, might create medium-term risks.

Lastly, Isaac provides insights into the equity markets, suggesting this quarter’s earnings have been managed well but expect absolute weakness in the coming quarters. He advises building a resilience in your portfolio and treading with caution in the European Space due to possible severe recession. He also gives an outlook on inflation rate in Australia, hinting at the RBA’s potential for a rate hike.

(Source: Ausbiz)

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