FED

The emergence of central bank digital currencies is set to reduce the U.S. dollar’s dominance of invoicing and foreign exchange.

For now, bonds and equities can continue to perform but the big risk is that markets have collectively mis-priced what could be an unusual tightening cycle.

Ned Naylor-Leyland, head of strategy for Gold&Silver, explains the curious divergence in the price of gold and real interest rates and argues that a Fed policy error may be the trigger for a golden rebound.

After the announcements, we have received the commentaries with the insights from the professionals of the industry, and how the decisions made by the fed might affect the markets.

As we did in the previous meetings, we wanted to know what are the thoughts of the professionals within the asset management management industry.

In our opinion the Fed should have already finished tapering by now, but they have only just begun and at a very slow pace, suggesting it will take seven further policy meetings to complete.