US$4.5T fund managers react to Fed’s first rate hike

By Audrey Raj , editor | 17 March 2022 | 3 minutes read

For the first time since 2018, the US Federal Reserve on Wednesday raised interest rates, by 0.25%, to bring back price stability to the economy. In his comments, chair Jerome Powell said the FOMC could begin reducing the size of its balance sheet at the next meeting in May. The median projection for the unemployment rate is to decline to…

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