Asset managers have welcomed the Federal Reserve's decision to raise US interest rates by 25bps, but some have warned that pursuing two further hikes this year may be "tricky" if President Donald Trump continues to aggressively pursue deregulation, tax cuts and more government spending.
The Fed increased interest rates by 25bps to the range of 0.75%-1% following a two-day meeting of its Federal Open Market Committee (FOMC). It also said it hopes to raise rates three times throughout 2017....
£44bn committed to sector over five years
Key points from Hammond's 'balanced' Budget
No stamp duty on homes under £300,000
Second Budget this year
Rises in-line with CPI