0538 GMT - Edmond de Rothschild Asset Management has returned to neutral on U.S. Treasurys and European government debt, staying cautious over the Federal Reserve's policy, it says in a note. "We remain cautious on the new Fed committee's ability to react to events despite its stress on price stability," the asset manager says. The Fed seems both more likely to raise rates and yet risks being accused of allowing inflation to spiral out of control if it decides against a hike, Edmond de Rothschild Asset Management says. It has taken profits on emerging market debt and gone back to neutral. (emese.bartha@wsj.com)

(END) Dow Jones Newswires

June 22, 2026 01:38 ET (05:38 GMT)

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