Industry commentators have responded to today's rate hike by the Federal Reserve, which was widely expected by markets.
The Federal Open Market Committee (FOMC) raised interest rates by 0.25% today for the first time in nearly a decade, sending the US dollar soaring. The committee voted unanimously to hike interest rates, in a move that marks the first time the Federal Funds Rate has moved from the record lows of 0%-0.25% since the darkest days of the financial crisis in December 2008. In its statement, the FOMC said: "The committee judges that there has been considerable improvement in labor market conditions this year, and it is reasonably confident that inflation will rise, over the medium term, to ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
