Sunday August 9, 2020

Analysis: What today's expected Federal Reserve interest rate hike means

Market reaction to Trump's election signals a move away from a dependence on monetary policy

14th December, 2016
Federal Reserve chair Janet Yellen Pic: Getty

Everyone is expecting the US Federal Reserve to raise interest rates today – a move the bank had been signalling for months before the US went to the polls, and one that was set to be one of the seminal market-moving events of the year, had it not been for Trump’s election.

Both the US and the Eurozone have been largely dependent on moves made by their central banks, rather than by governments,...

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