Die Inflationsraten bewegen sich weltweit nach wie vor auf hohem Niveau. Nun kündigte die Fed für März die erste Zinserhöhung an. Dr. Volker Schmidt, Senior Portfolio Manager bei Ethenea Independent Investors S.A., betrachtet die Implikationen dieser Entscheidung für die US-Renditekurve.
Auf ihrer Sitzung im Januar erklärte die Fed, man wolle angesichts einer Inflation von deutlich über zwei Prozent und eines starken Arbeitsmarktes bald das Zielband für die Federal Funds Rate anheben. „Der von den Zentralbankern im Dezember vorgelegte so genannte ‚Dot Plot‘ sah bereits drei Zinserhöhungen für das Jahr 2022 vor. Während der Leitzins, das Zielband der Fed Funds, seit
Auf ihrer Sitzung im Januar erklärte die Fed, man wolle angesichts einer Inflation von deutlich über zwei Prozent und eines starken Arbeitsmarktes bald das Zielband für die Federal Funds Rate anheben. „Der von den Zentralbankern im Dezember vorgelegte so genannte ‚Dot Plot‘ sah bereits drei Zinserhöhungen für das Jahr 2022 vor. Während der Leitzins, das Zielband der Fed Funds, seit
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