Asset managers welcome Fed rate hike but warn of 'tricky path' under Trump
Third rate rise since December 2015
The Federal Open Market Committee met over two days to discuss the rate rise
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....
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