The path towards the normalisation of US interest rates has developed a new twist, says EFG Asset Management's global head of research Daniel Murray - an increase in rates over the next two years followed by a reversal.
The Federal Reserve recently raised its benchmark short-term interest rate by a quarter percentage point and signalled that two more hikes are likely this year. The decision moves the funds rate target...
European Commission relents to pressure
Latest news and analysis
Remains open to existing investors
Chairs first meeting this afternoon
Effective from 1 December