iA CONNECTED

The Federal Reserve, arguably the most important economic institution in the world, is under pressure. But not the kind that comes from inflation data or labour market volatility. This pressure is political, and it’s blatant.

Highlights:

• Political pressure on the Federal Reserve is intensifying, threatening its independence and signaling a major regime shift in U.S. monetary policy.
• A politicized Fed is likely to cut rates for electoral reasons, fueling asset bubbles and driving risk assets higher despite rising inflation.
• We remain overweight equities and gold, with new positions in emerging markets and an underweight stance on the U.S. dollar, reflecting the evolving macro and policy landscape.

Your experts   Sébastien Mc Mahon, MA, PRM, CFA Chief Strategist, Senior Economist and Vice-President, Asset Allocation & Portfolio Manager Follow Sébastien Mc Mahon on          Alex Bellefleur, MA, CFA Senior Vice-President, Head of Research, Asset Allocation     Tuyen Tran, M.Sc., CFA Senior Analyst, Asset Allocation and Economics

iagam.ca

"iAGAM" is a tradename under which iA Global Asset Management Inc. and Industrial Alliance Investment Management Inc. operate.