As expected, the US Federal Reserve lowered the key interest rate by 0.25 percentage points yesterday. Chief economist Gerhard Winzer analyzes the interest rate decision and statements by Federal Reserve Chairman Jerome Powell.
Erste Asset Management Investment Blog
Money, Funds, Stocks & more – The Investment Blog of Erste Asset Management

Élysée Palace under pressure: who is the real victim of the political stalemate in France?
Yields on French government bonds have risen sharply amid the recent government crisis. How should the current situation in France be assessed?
Chinese stocks: The sleeping giant awakens
China’s stock markets are making a strong comeback after years of weakness – driven by growing confidence among domestic investors and targeted measures by the government in Beijing. Will the rally continue?

Biotechnology remains an exciting stock market topic
Innovative medicines and geopolitical risks – the biotech sector remains in flux. Topics such as rare diseases, cancer and eye diseases are particularly in focus. In this interview, fund manager Harald Kober provides insights into current trends and challenges.

Weekly Winzer: Fed Signals Rate Cut – What Jerome Powell’s Words Mean for Markets
The U.S. Federal Reserve is signaling a possible rate cut in September. What’s behind Powell’s message—and what does it mean for markets and investors?
Latest Posts
Weekly Winzer: Powell opens door to interest rate cut
US Federal Reserve Chairman Jerome Powell signalled a possible interest rate cut in September in Jackson Hole. The markets reacted immediately with price gains – but there is more to his words than pure monetary policy. The Fed is caught between inflation risks, a weaker labour market and growing political pressure.
US climate policy: clear conditions for renewable energies
After a long period of uncertainty, there is now clarity for the renewable energy sector in the USA. The legal framework for the coming years is far better than expected. This brings new opportunities for environmental stocks, as the initial market reactions have shown.

Semiconductor Industry Optimistic for the Future Despite Tariff Uncertainties Thanks to AI Boom
The semiconductor industry is expected to continue growing strongly in 2025, despite uncertainties surrounding US President Donald Trump’s trade policy, thanks to the AI boom. The World Semiconductor Trade Statistics organisation (WSTS) recently raised its growth forecasts for this year slightly.
Markets and opinions
Chinese stocks: The sleeping giant awakens
China’s stock markets are making a strong comeback after years of weakness – driven by growing confidence among domestic investors and targeted measures by the government in Beijing. Will the rally continue?
Weekly Winzer: Powell opens door to interest rate cut
US Federal Reserve Chairman Jerome Powell signalled a possible interest rate cut in September in Jackson Hole. The markets reacted immediately with price gains – but there is more to his words than pure monetary policy. The Fed is caught between inflation risks, a weaker labour market and growing political pressure.
ATX surprises in 2025: why Austria’s equity market is ahead of the rest this year
While economic growth in Austria remains weak, the domestic stock market index ATX has recently climbed significantly. What is behind this strong performance?

US tariffs cause turbulence
You can find the latest information and insights on US tariffs and reactions on the stock market here 👉
Financial Know How
Back to the Basics: Understanding High Yield Bonds
What distinguishes high-yield bonds and how do they differ from other bonds? We explain this in today’s blog post. You will also learn which funds investors can use to invest specifically in companies in the high-yield segment.
What happens to equities when interest rates rise?
So far, the year 2022 has brought significant price losses on the stock markets. Inflation and rising interest rates are often cited as the reason. But why is that the case?
5 tips for building capital with investment funds
For many investors, a fund savings plan is a useful way to build up capital over the long term. To make sure this works, our expert Johann Griener has 5 useful tips for getting over difficult market times.

Keeping up with the market trends
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Sustainability
US climate policy: clear conditions for renewable energies
After a long period of uncertainty, there is now clarity for the renewable energy sector in the USA. The legal framework for the coming years is far better than expected. This brings new opportunities for environmental stocks, as the initial market reactions have shown.
World Environment Day: creating a positive impact with active ownership
Today’s World Environment Day focuses on environmental and climate protection under the slogan “Our Power, Our Planet.” Find out how we, as an active investor, are driving sustainable change in companies in today’s blog post.
Biodiversity: Engagement for our nature
Around 8.7 million different species live on Earth – and they all provide important “ecosystem services”. This is precisely why the protection of biodiversity is essential. In the area of engagement, this year we are focusing on the chemical and pharmaceutical industry and are making contact with one of the world’s largest corporations in this sector.