Fed ups rates, further hikes expected in 2016

17 December 2015 | 3 minutes read

The US Federal Reserve finally raised interest rates by 25 basis points last night after months of anticipation. Private banks and asset managers, while having expected the hike to a range of 0.25% to 0.5%, nonetheless see the decision as the first wave to a series of gradual increase in rates in 2016. Mark Haefele, global CIO of UBS Wealth…

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