The US Federal Reserve (Fed) has just announced another rate hike of 0.25%. We analyse what this means for your investment portfolio.
What happened?
The US Federal Reserve (Fed) has just announced another rate hike of 0.25% (25 basis points).
This would bring the target range of Fed fund rate to 4.75% to 5%, the highest level since September 2007.
The Fed interest rate decision was closely watched as investors were looking for indicators of how the US Central Bank would react to the developing banking crisis, following the collapse of Silicon Valley Bank.
Let’s take a further look at we learnt from the Fed interest rate hike and what it means for your investment portfolio.
What we learnt from the Fed interest rate hike
#1 – The Fed expects to continue raising interest rates
Fed officials expect interest rates to be at 5.1% by the end of the year, the same as their projections back in December 2022. ...
