The Federal Reserve left interest rates unchanged but hinted at one more hike in the US this year and that rates will stay higher for longer than market participants had initially thought. Yields are higher and equities lower this morning, with only the US dollar shining. Ronny Kaufmann, CIO Strategy & Investment Analysis, explains that the current expansionary US fiscal policy could make the Federal Reserve's job of balancing monetary policy even harder in the future.

00:00 Introduction by Helen Freer (Investment Writing)

00:31 Markets wrap-up by Roman Canziani (Head of Investment Writing)

06:26 Latest news from the Investment Committee by Ronny Kaufmann (CIO Strategy & Investment Analysis)

14:24 Closing remarks by Helen Freer (Investment Writing)

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