Seema Shah On What Investors Need To Know Ahead Of Today's FOMC Announcement

Seema Shah, Chief Strategist at Principal Global Investors, says fiscal stimulus and re-openings are creating inflation pressure. She thinks the Fed will remain patient, even in the face of above 2% inflation. She adds the latest rise in bond yields are driven less by real yields. She points out market valuations are high, but fundamentals support positive equity returns. They remain constructive on risk assets, staying overweight equities and underweight fixed income.