After weeks of uncertainty and attempts at predicting the U.S. Federal Reserve’s next pivot, investors finally got the official answer from Federal Reserve Chairman Jerome Powell at June’s meeting: The Fed will finally pause raising rates. But is the Fed actually done raising rates? Or is this just a temporary lapse?
In this special manager conversation, Sightline Wealth Management’s Warren Gerow speaks with Etienne Bordeleau-Labrecque, vice president and portfolio manager of Ninepoint Partners with more than a decade of experience across various markets and interest rates, to unpack the Fed’s latest comments and shed some light on this pivotal question.
Specifically, Gerow and Bordeleau-Labrecque discuss:
- Key takeaways from the latest Fed meeting
- The short-term and potential long-term impacts of the Fed’s comments on the markets
- Speculations on the rationale behind the Fed’s current rate strategy
- The current likelihood of the Fed achieving a “soft landing”
- How a pause in rate hikes may affect the economy
- How the Bank of Canada’s surprise rate increase compares to the U.S.
- The probabilities of future rate hikes in both the U.S. and Canada
If you have any questions regarding the Fed’s recent actions and how it may impact your portfolio, please do not hesitate to contact us.
Warren Gerow is an independent investment wealth consultant at Sightline Wealth Management.
Sightline Wealth Management LP (“Sightline”) is an investment dealer and is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF). Sightline provides management and investment advisory services to high-net-worth individuals and institutional investors.
Sightline Wealth Management LP is a wholly owned subsidiary of Ninepoint Financial Group Inc. (“NFG Inc.”). NFG Inc. is also the parent company of Ninepoint Partners LP, it is an investment fund manager and advisor and exempt market dealer. By virtue of the same parent company, Sightline is affiliated with Ninepoint Partners LP. Information and/or materials contained herein is for information purposes only and does not constitute an offer to sell or solicitation to purchase securities of any issuer or any portfolio managed by Sightline Wealth Management or Ninepoint Partners, including Ninepoint managed funds.
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