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 US Federal Reserve’s decision to raise interest rates by another 25bp, despite signs that inflation may be easing. Fed Chair Powell remained hawkish, citing ongoing strength in services inflation as a key reason for the decision. Powell also reiterated that the Fed will continue to assess the incoming economic data but did suggest that rates are approaching restrictive territory.