Interest rate cut to drive investors to esoteric asset classes

PA-Powell
By Jennifer Kang
10 Jul 2019

With the Federal Reserve on Wednesday signalling a July interest rate cut, investors say they are planning to move further afield for opportunities, shifting more heavily into off-the-run assets to hit yield targets.

Since the Fed’s June meeting, “it appears that uncertainties around trade tensions and concerns about the strength of the global economy continue to weigh on the US economic outlook,” Fed chairman Jerome Powell wrote in the semi-annual Monetary Policy Report.

The impact of uncertainties is evident in the slowdown ...

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