The minutes of the Federal Reserve's last policy decision revealed that officials aren't just gearing up for sooner than expected rate hikes, but are also preparing to reduce their massive balance sheet. Kelvin Tay, UBS' Regional Chief Investment Officer, spoke to JP Ong about how this is shaping UBS' outlook for markets, and how investors might position themselves amidst the diverging directions of the world's major central banks.

<p>The minutes of the Federal Reserve's last policy decision revealed that officials aren't just gearing up for sooner than expected rate hikes, but are also preparing to reduce their massive balance sheet. Kelvin Tay, UBS' Regional Chief Investment Officer, spoke to JP Ong about how this is shaping UBS' outlook for markets, and how investors might position themselves amidst the diverging directions of the world's major central banks.</p>

From politics to pop culture, we've got it all. Get ready to immerse yourself in the world of business, lifestyle, culture, travel, and sports.

<p>From politics to pop culture, we've got it all. Get ready to immerse yourself in the world of business, lifestyle, culture, travel, and sports.</p>

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