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28 August 2024

US Equities: Beneficiaries of Fed Rate-Cutting Cycle

A 5 minute read
Story of the day:

Fed Chair Powell announced that the time has come to adjust monetary policy amid sharp moderation in US headline inflation, which fell from a peak of 9.1% y/y in June 2022 to 2.9% in August. The Fed’s preferred inflation gauge, the PCE price index, has also touched 2.6% y/y in June. With inflation now on a clear path towards the central bank’s 2% target, Powell expressed confidence in the inflation outlook while highlighting increasing downside risk to employment.

 

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What does this mean for your portfolio?

Gain exposure to utilities, consumer staples, and healthcare sectors to ride the tailwinds from falling bond yields. From a “barbell” perspective, the resilient and defensive nature of these sectors complements our structural long-term exposure to technology-related plays.

We like these:

Utilities, Consumer staples, and Healthcare.

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Please visit DBS Treasures website:

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