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

‘Widely expected’

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...