Video: Fed Wrap – Rates approaching restrictive territory – Ryan Weldon
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.
About the author
Joined in 2019
Ryan supports the dealing and portfolio management functions of IFM Investors’ cash and fixed income portfolios in the US. He also assists in the execution of foreign exchange and derivative overlay strategies for internal and external clients.
Prior to Joining IFM Ryan was a US Government Bond trader at HSBC where he managed a $3bn inventory book comprised of cash and derivative products. Ryan’s years of trading in New York provide a strong network and insight in the US market.
Ryan is a CFA and CAIA charter holder.