Industry sets sights on 2023 as 0.75% November Fed hike 'widely expected'

Uncertain trajectory of policy

Valeria Martinez
clock • 3 min read

The asset management industry has set its sights on the future path of interest rates from next year, as a 75 basis points hike on Wednesday’s (2 November) Federal Reserve Open Market Committee meeting is “widely expected”.

Market speculation suggests the Federal Reserve is poised to slow to a more gradual approach to monetary policy tightening, with the impact of fast and aggressive interest rate hikes from the central bank becoming evident in economic data.  The US Conference Board's Consumer Confidence Index fell to 102.5 in October, reflecting consumer concerns about sticky inflation and a possible recession next year. The survey also showed signs of a cooling labour market.  Separately, October saw the fourth consecutive month of contraction in US business activity, with the US Composite Purchasing ...

To continue reading this article...

Join Investment Week for free

  • 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

Join now


Already an Investment Week


More on Economics