Jul 7, 2022 7:00:00 AM | LGT Navigator
LGT Navigator: Fed emphasizes its priority of fighting inflation
In its minutes of the last interest rate decision, the Federal Reserve noted that further strong interest rate steps are to be expected in view of the persistently high inflationary pressure. In Europe, stock markets recovered midweek from the recent setback to their lowest level since November 2020. However, uncertainty remains high, especially in Europe. For example, according to Commission President von der Leyen, the EU must prepare for a complete loss of gas supplies from Russia. In these uncertain times, the Swiss franc is shining, currently marking record levels against the euro.