In a span of a month the terminal fed funds rate have moved up 50bps to 5.4% and may even move up further. This is dependent on future inflation data where the recent PCE was higher than expected. How will this impact asset allocation for investors? For answers we speak to Joe Quinlan, Chief Market Strategist, US Trust-BOA Private Wealth Management.

Image credit: Shutterstock

Produced by: Michael Gong

Presented by: Wong Shou Ning, Chong Tjen San, Shazana Mokhtar

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Categories:  markets

Tags:  us federal reserve,  oil prices,  consumer index,