US Fed’s rate increase: Blackrock, Charles Schwab, Invesco, JPMorgan and PGIM Fixed Income on the future of interest rate movements

//US Fed’s rate increase: Blackrock, Charles Schwab, Invesco, JPMorgan and PGIM Fixed Income on the future of interest rate movements

US Fed’s rate increase: Blackrock, Charles Schwab, Invesco, JPMorgan and PGIM Fixed Income on the future of interest rate movements

The United States Federal Reserve System (Fed) raised its key interest rate by 25 basis points, from a target range of zero to 0.25 per cent, to a range of 0.25 per cent to 0.5 per cent.That officially ended the era of zero interest rates, in place since March 2020 as the monetary authority kept the cost of capital cheap to bolster an economy that was being ravaged by the Covid-19 pandemic.With inflationary pressure seething in the US, the Fed envisages a total of seven rate increases this year…

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By | 2022-03-17T03:26:13+00:00 March 17th, 2022|Business|Comments Off on US Fed’s rate increase: Blackrock, Charles Schwab, Invesco, JPMorgan and PGIM Fixed Income on the future of interest rate movements