US stock markets recorded the largest outflow of funds in three months due to concerns about trade policy and expectations of the Fed's decision. Investors withdrew $33.53 billion, which was the most significant outflow since December, while $4.84 billion was invested a week earlier. The Fed maintained its base rate, but indicated a possible reduction of 0.25 percentage points twice this year, predicting a slowdown in economic growth and rising inflation. Funds of large companies lost $27.38 billion, interrupting a three-week inflow period, while funds of small, medium and mixed capitalization lost $3.48 billion, $1.42 billion and $1.09 billion, respectively. Sectoral funds recorded a net outflow of $1.35 billion, which is less than $7.54 billion in the previous two weeks. The largest losses were incurred by technology funds ($451 million), communication services ($230 million) and healthcare ($227 million). U.S. bond funds lost $513 million for the first time in 11 weeks. Investors withdrew $1.56 billion from fixed income funds and $1.62 billion from credit funds, but invested $2.89 billion in short- and medium-term government bonds, marking their 13th consecutive week of inflows.
