The US Federal Reserve on Wednesday announced that it had lifted the policy rate, federal funds rate, by 75 bps to the range of 2.25-2.5%. This decision came in line with the market expectation.
Fed Hikes
Fed hikes by 50 bps, begins balance sheet reduction from June
The US Federal Reserve announced on Wednesday that the FOMC had agreed to raise the target range for the federal funds rate by 50 basis points to 0.75% to 1%, in line with expectations.
Goldman Says Four Fed Hikes Little Problem for Asian Equities
Gold Silver Reports – Investors should look through the worries about a faster pace of U.S. monetary tightening that have shaken Asian stocks so far this week, according to Goldman Sachs Group Inc.
Gold Up Hopes Fed Hikes Amid World Economy
Gold Silver Reports ~ Gold edged higher on Monday, buoyed by expectations the U.S. Federal Reserve may have fewer chances to raise interest rates this year in the face of a wobbly global economy.