What Will the Federal Reserve Do Next?

Speaking at the Morningstar Investment Conference, M&G's Richard Woolnough and JPMorgan's Karen Ward looked at the next direction for US interest rates

David Brenchley 1 May, 2019 | 2:13PM

This article is part of Morningstar's special report on What the Experts Say

The Federal Reserve is “behind the curve” and interest rates are likely to continue to rise with the US economy looking fine and a recession still three years away, according to M&G Investments’ Richard Woolnough.

As 2018 ended and 2019 begun, central banks across the world, but particularly the US Federal Reserve, changed their tone and became much more dovish. The Fed’s messaging went from calling for gradual rate increases to adjustments, suggesting their next move could, in fact, be a cut.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
M&G Corporate Bond GBP I Acc81.40 GBP-0.07
M&G Strategic Corporate Bond GBP I Acc1,418.95 GBP-0.02

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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