Volatility will be heightened as we head into 2025, but this can still lead to positive equity outcomes. Meanwhile, although the Fed is unlikely to adjust its easing policy based on actions that have yet to materialise, recent strong US economic data, and the risks of potential tariffs suggest that expectations of a weaker USD and a terminal rate of 3% feel long gone.

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Vis Nayar

Vis Nayar is the Chief Investment Officer and a member of the Executive Management Committee at Eastspring Investments. Vis spearheads Eastspring’s investment platform encompassing equities, fixed income, multi asset and quantitative solutions, and oversees investment offerings across markets.

Information provided is general information and is for educational purposes only, and does not include, or constitute as, financial product advice.