Here are selected comments on what’s next for global markets following the Fed:
From favouring Asian stocks and quality small-cap shares to betting on flatter yield curves, strategists are mapping out their best trade ideas after Federal Reserve Chair Jerome Powell set the stage for raising interest rates to combat the highest inflation since 1982.
Some warned of further volatility ahead for global equities, especially high-priced technology shares, while others called for a stronger dollar and higher bond yields. US stocks surrendered gains and Treasury yields surged as markets perceived Powell’s comments as hawkish.
