Lates News

Ritesh Ganeriwal, director of investments and advisory at Syfe, said that the signal of tightening released by the Federal Reserve in its statement implies that even if the Iran conflict ends and energy supply returns to normal, inflation risks have not subsided. Ganeriwal mentioned that although there is still a possibility of a rate hike this year, this move is far from certain and the bar is high. He pointed out that if the US-Iran peace agreement can be maintained and oil prices remain at a low level, the Federal Reserve may find fewer reasons to raise interest rates. Syfe also stated that the US dollar may weaken and the new chair of the Federal Reserve, Powell, expressed lack of confidence in the committee's own economic forecasts. The institution believes that bonds now offer returns that "can truly compete with stocks for the first time in years." "Delaying investment for even one month means missing out on potential returns."