Federal Reserve

No outcome favoured

Driven by by shelter, used cars and food

Trades made during 2020

Policymakers are concerned about the labour market

Though they are split on whether three hikes next year is positive

To cut bond purchases by $30m

Tech stocks slumped

Inflation above target

Investors debate a Federal Reserve decision

There is more than just inflation behind the recent, substantial rise in US interest rates. This may well prove to be a real inflection point.