The US Federal Reserve announced this week that it will maintain the target range for the federal funds rate, deciding for the first time in over a year to keep the rate steady. Harbourfront’s Chief Investment Officer Christine Tessier shares her perspective on this announcement:
It’s a delicate balancing act. I concur with the Fed’s view that uncertainty is high. At the global level, there are further factors that complicate the picture, i.e., the economic slowdown in China.
Why is this happening now? There are many economic factors that contribute to these challenges, but here are a few worth paying closer attention to:
If you have questions about what this means for your portfolio, connect with your advisor.
Chief Investment Officer, Harbourfront Wealth Management
I, Christine Tessier, have prepared this commentary to give you my thoughts on various investment alternatives and considerations which may be relevant to your portfolio. This commentary reflects my opinions alone and may not reflect the views of Harbourfront Wealth Management. In expressing these opinions, I bring my best judgment and professional experience from the perspective of someone who surveys a broad range of investments. Therefore, this report should be viewed as a reflection of my informed opinions rather than analyses produced by Harbourfront Wealth Management Inc.
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