As expected, the Federal Open Market Committee (FOMC) decided to hike its key interest rate, the federal funds rate, by 25 basis points (bps; 100 bps equal 1.00%), to a range of 5.00% to 5.25%. Despite the banking sector’s ongoing wobbles—most recently, First Republic Bank’s takeover by JP Morgan over the past weekend—the FOMC sees fighting inflation as its highest priority.
Author: Matthias Scheiber, Ph.D., CFA
This episode’s roundtable discussion features a deep dive into the Russia-Ukraine War from a fixed income, equity, and multi-asset perspective. George Bory, managing director for Fixed Income Strategy and Product Specialists for Allspring Global Investments, speaks with Ann Miletti, head of Active Equities, and Matthias Scheiber, global head of Portfolio Management for the Multi-Asset Solutions team.