Here's what 8 banks are saying about the US Fed rate hike
In a unanimous vote, the FOMC - the Fed's policy-setting committee - agreed to raise the target range of the federal funds rate by 25 basis points to 0.25% to 0.50%, "given the economic outlook, and recognizing the time it takes for policy actions to affect future economic outcomes."
But what does this historic decision mean, and how will the US and global economy change as a result?
Well, analysts at investment banks wasted no time to weigh in. Here are what eight of them said.
- The last Solar Eclipse of 2021: Date, time and everything you need to know
- Ahmedabad and Bengaluru see a big jump in hiring activity in November
- ‘Right person at the right time’ — Here’s a sneak-peek at economist Gita Gopinath’s journey so far
- The best Netflix alternatives to watch Korean dramas and movies in India
- Gartner predicts opt-out rate for mobile app tracking to decline by 2023 as Apple, Google aim to control it