Globally diversified equities remain attractive amid yet another Fed pause: analysts
Asia markets fall on rising concerns of inflation, Iran-Israel conflict
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[SINGAPORE] Analysts continue to favour globally diversified equities, as the US Federal Reserve kept interest rates unchanged on Wednesday (Jun 18).
In its latest meeting, the Federal Open Market Committee (FOMC) agreed to leave the central bank’s benchmark interest rate unchanged in the 4.25 to 4.5 per cent range, citing a healthy labour market and reduced uncertainty in the economic outlook.
But the Fed also lowered its growth forecasts and raised inflation estimates, likely to account for the impact of higher tariffs.
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