The Federal Reserve has voted to raise US interest rates by 25bps in Jerome Powell's first meeting as chairman since taking over from Janet Yellen, with a more hawkish path expected over the next couple of years.
At the two-day meeting, the Federal Open Markets Committee (FOMC) voted unanimously to raise the Federal Funds target range from 1.25%-1.5% to the 1.5%-1.75% band, in light of a strengthening economic...
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David Cumming, Aviva Investors' chief investment officer for equities, remains positive about UK stocks despite a pummelling in 2018
Equities overweight down to 3%
Relates to 136 million transaction reports
Patience must be a watchword