Lates News

Michael Rosen, Chief Investment Officer of Angeles Investment Company, stated that the Federal Reserve's statement is basically in line with market expectations and has not changed our investment outlook. Overall, the Fed's attitude is slightly more hawkish, with only one dissenting opinion (from Milan) at this meeting, compared to two dissenting opinions at the previous meeting. The forward-looking expectations (i.e. the "dot plot") also align with expectations, with only a small upward adjustment in long-term interest rates anticipated. One rate cut is expected this year and next.