Do higher rates augur trouble for global markets?
1. April Market Review
Markets generally moved higher in April as investors repriced the strength of a late-cycle US economy.
Rising inflationary pressures
We expect the Fed will hike rates in June and one or two times in the second half of 2018. However, a temporary move above 2% in the core PCE deflator is unlikely to trigger a switch to a more aggressive pace of rate hikes.
The Malaysian Global Innovation & Creativity Centre (MaGIC) celebrated the completion of the first cohort of MaGIC’s IDEA Accelerator with a Demo Day where 29 impact driven enterprises (IDEs) and social enterprises (SEs) presented their refined ideas to a room full of investors, corporations, government agencies, and MaGIC Impact Partners.
IDEA Accelerator Programme aims to provide early-stage IDEs and SEs with the opportunity to pilot their idea, strengthen their business model, solidify their impact delivery models, and secure capital through fundraising. The 29 IDES and SEs participating in IDEA Accelerator each focused on one of five key impact themes: employment for the marginalized community (7) income and productivity growth for the B40 community (6), equality and empowerment (5), pollution and waste management (6) and community development (5).