Largest overweight positions are high quality medium-duration credit and US Treasuries, supported by peak Fed ratesEquities require a broadened opportunity set beyond US mega caps and largest economies due to valuations and a multi-speed economy19 October 2023 -
Bangkok-22 Dec-HSBC Thailand FOMC raised the federal funds rate by signalled pace of hikes in 2016 would be gradual and dependant on inflation We see the outcome as having a dovish tilt and still expect two 25bp hikes in 2016 We highlight US rates, FX, emerging markets, equity strategy, and gold implications Economics: For the first time in over nine years, the FOMC raised the t
