On July 26, the U.S. Federal Reserve resumed its most aggressive inflation-fighting campaign in two decades by raising the federal funds rate by 25 basis points to 5.5%, its highest rate in two decades. Looking ahead, the Fed announced that they will continue to “assess” the macroeconomic and fiscal backdrop, signaling further hikes may be on the horizon until they reach their desired 2% inflation rate.
In this special manager conversation, Sightline Wealth Management’s Warren Gerow speaks with Etienne Bordeleau-Labrecque, vice president and portfolio manager of Ninepoint Partners, to unpack the Fed’s latest comments and shed some light on everything investors need to know about this new rate increase.
Specifically, Gerow and Bordeleau-Labrecque discuss:
- Overall thoughts on the Fed’s latest rate hike and how this may impact the economy moving forward
- The outlook for future rate hikes and the economic factors that may influence the Fed’s decisions
- How the resilient economy and positive jobs reports may influence future rate increases and vice versa
- How the Fed’s rate increase and comments may impact specific sectors and overall portfolios
- Whether we are positioned for a soft or hard landing according to the latest economic indicators
- How the Fed’s latest actions may impact the Bank of Canada and other central banks
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. Your trusted team at Sightline Wealth Management will continue to monitor key economic and inflation data to keep you and your portfolios up to speed.
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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