Asia markets eyed a higher open with investors eying a key policy decision by the U.S. Federal Reserve.
Investors should stay defensive as the year end approaches, according to Dubravko Lakos-Bujas, chief global equity strategist at JPMorgan. The strategist said that the lagged effects of the Federal Reserve's interest rate hikes will be more dramatic than traders are currently expecting, and urged investors to hold cash and move into more resilient parts of the market. He favors utilities and health care, as well as dividend aristocrats.
'I think there's just a lag effect,' he said Tuesday on CNBC's 'Halftime Report.' 'And this time around in this cycle, the lag simply may be longer than what we're accustomed to sort of seeing in the prior cycles because of the unprecedented injection that we've got during Covid, and because of a relatively healthy starting point for things like balance sheets.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why Treasury's borrowing needs could overshadow the Federal Reserve decision‘We are running outsized deficits for an economy at full employment,’ said Gregory Faranello, head of U.S. rates for AmeriVet Securities in New York. ‘This has market participants concerned.’
Read more »
Today’s Federal Reserve: A Faith-Based OrganizationNobody knows whether Fed decisions matter, but people act like they do. They do so on the basis of faith, not facts.
Read more »
Surge in interest rates and a cloudier economic picture to keep Federal Reserve on sidelinesThe Federal Reserve is poised to leave its key interest rate unchanged at a time when the Fed faces an economy that has proved resilient but is nevertheless under pressure from surging interest rates, overseas turmoil and anxious investors. U.S.
Read more »
Surge in interest rates and a cloudier economic picture to keep Federal Reserve on sidelinesThe Federal Reserve is poised to leave its key interest rate unchanged at a time when the Fed faces an economy that has proved resilient but is nevertheless under pressure from surging interest rates, overseas turmoil and anxious investors.
Read more »
What to expect from the Federal Reserve's meeting this weekThe Federal Reserve is likely to hold interest rates steady at a 22-year high on Wednesday, even as inflation remains above the central bank's 2% goal.
Read more »
What this week's Federal Reserve meeting could mean to your walletThe Federal Reserve will meet Wednesday to look at interest rates, which economists believe will remain the same for now.
Read more »