US interest rate 'at highest level since 2007' as Fed chooses 25bps hike

‘Widely expected’

Cristian Angeloni
clock • 1 min read

The US Federal Reserve has increase interest rates by 25bps yesterday (3 April), a move that had been expected by markets and industry players.

Richard Carter, head of fixed interest research at Quilter Cheviot, said this brings the US interest rate to "the highest since September 2007", describing the Fed's hiking campaign as "the most aggressive since the 1980s". BlackRock employed to sell down $114bn Signature Bank and SVB portfolios This is the central bank's tenth rate hike in 14 months, and although the increase was "widely expected", Luke Bartholomew, senior economist at abrdn, said the "most interesting aspect" of the decision was the Fed's language pointing to a pause in future increases. "A pause makes sense as t...

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
member?

Login

More on Markets

US inflation falls to 3.3% in May

US inflation falls to 3.3% in May

Hopes of Fed winter rate cut

clock 12 June 2024 • 1 min read
Market Movers Blog: HL expected to receive a fresh PE bid this week - reports

Market Movers Blog: HL expected to receive a fresh PE bid this week - reports

Latest news and analysis

Investment Week
clock 11 June 2024 • 1 min read
Ashtead weighs switch to US listing in latest blow to London market

Ashtead weighs switch to US listing in latest blow to London market

Current FTSE 100 member

clock 10 June 2024 • 2 min read
Trustpilot