Ryan Weldon, from IFM’s Debt Investments Team in New York, features in our Fed Wrap Market Update videos discussing central bank themes in debt markets, with a particular focus on the US Federal Reserve.

In this edition, Ryan discusses the outcomes of the May Federal Reserve meeting, the key points from the press conference and what to watch ahead of the next meeting.

At the most recent meeting, the Federal Reserve hiked rates by 25bps, with no dissenting votes bringing the upper band of the policy rate to 5.25%. This hike brings the Fed in line with the policy rate expectations from the March dot plot. The Fed went further and omitted language from the statement around the “anticipation” of further hikes being required but stopped short of calling for an outright pause in policy tightening.