Janet Mui: weekly economic update 21 June


  • The Fed gives strong hints of a rate cut as early as July
  • Nearly half of FOMC members see two rate cuts by the year end
  • In Sintra, Portugal, the ECB’s message is that policy stimulus will be up for discussion in July, potentially opening the way for rate cuts in September
  • But in the UK, the Bank of England kept its slightly hawkish bias, due to wage pressures and the economy running at full employment. We continue to expect UK rates to remain on hold as long as Brexit is unresolved

This article is issued by Schroders Wealth Management, which is part of the Schroder Group and a trading name of Schroder & Co. (Hong Kong) Limited, Level 33, Two Pacific Place, 88 Queensway, Hong Kong. Licensed and regulated by the Hong Kong Securities and Futures Commission. Nothing in this document should be deemed to constitute the provision of financial, investment or other professional advice in any way. Past performance is not a guide to future performance. The value of an investment and the income from it may go down as well as up and investors may not get back the amount originally invested.

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Robert Ridland

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