What Does US Rate Rise Mean for UK?

The Federal Reserve Open Market Committee decided to raise rates by 25 basis points yesterday. Will the UK central bank do the same?

Emma Wall 22 March, 2018 | 2:54AM

Jerome Powell Federal Reserve Chair Fed interest rates rise inflation central bank policy

The Federal Reserve announced that it will be continuing along the path to slow interest rate normalisation on Wednesday. The Federal Reserve Open Market Committee decided to raise the target federal funds rate by 25 basis points.

“That's not surprising, given the economic progress that's occurred over the last year. We've had significant job gains, the unemployment rate is low, consumer spending is up, as is business investment.,” said Morningstar financial equities analyst Jim Sinegal.

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About Author

Emma Wall  is former Senior International Editor for Morningstar

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