Rate engine nears a pause signal
SummaryThe rate hike was a unanimous decision of the Fed’s committee members and largely in line with market expectations. The next Fed meeting is on 13-14 June.
The US Federal Reserve (Fed) has delivered a 25 basis points (bps) policy rate hike, taking the federal funds rate to 5-5.25%. This is the Fed’s tenth consecutive rate hike since March last year. The battle against inflation has led to a whopping 500bps monetary policy tightening in the said span.