Decision of the Federal Reserve to Pause Interest Rate Hikes | Interview with Bloomberg Asharq

Bloomberg Asharq hosted Wassim Jomaa, Chief Investment Officer at The Family Office, to discuss the decision of the Federal Reserve (the “Fed”) to pause interest rate hikes, and the market volatility that followed. Below are the highlights of the interview:

Jun 22, 2023|Management Insights- 1 min

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  • Asset management must focus on private credit and income-generating investments.

  • The decision of the Fed to pause interest rate hikes led to market volatility.

  • The Fed expects three market scenarios. The first is raising interest rates to 5.6% by year end. The second is economic indicators reflecting a soft landing. The third is rising bond yields that might indicate a hard landing. The Fed does not know which scenario will occur. Investors must remain flexible to deal with whatever scenario that might arise.

  • Christine Lagarde, the President of the European Central Bank, continued tightening to control inflation.

Watch the full interview above.

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Since 2004, The Family Office has been the wealth manager of choice for more than 200 ultra-high-net worth families and individuals, helping them preserve and growth their wealth through customized solutions in diversified alternatives and more. Schedule a call with our financial experts and learn more about our wealth management process.

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