Industry reacts as US Federal Reserve makes first 0.5% interest rate hike since 2000

Elliot Gulliver-Needham
clock • 4 min read

The US Federal Reserve raised interest rates by 0.5% for the first time since 2000, while sending a strong signal that hikes of the same size would come in future meetings. Yesterday evening, the Federal Open Market Committee implemented its first back-to-back hike since 2006 as it expressed a more aggressive approach to tackling inflation, which hit 8.5% in the US in March, the highest level since 1981. Powell (pictured) also outlined plans to reduce the Fed's balance sheet, beginning with a runoff of $30bn and $17.5bn in Treasuries and mortgage-backed securities respectively in June...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?