Fed signals December rate rise

Most members agree hike is imminent

Natalie Kenway
clock

Most members of the Federal Reserve's rate-setting committee want to raise rates in December, minutes from October's meeting have revealed.

Members said it might be appropriate to hike rates from near-zero levels next month provided there were no "unanticipated shocks". The move would be the first raise since 2006. However, not all ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

Can DC savers help solve the housing crisis?

Can DC savers help solve the housing crisis?

Paul Richards says UK property is becoming increasingly attractive for scheme investors

Paul Richards
clock 27 February 2025 • 3 min read
Trustee Sustainability Working Group sets out key climate actions for schemes

Trustee Sustainability Working Group sets out key climate actions for schemes

Guidance aims to make trustee action ‘as effective as possible’ in 2025

Jonathan Stapleton
clock 27 February 2025 • 5 min read
People's Pension appoints Amundi and Invesco to oversee £28bn mandate

People's Pension appoints Amundi and Invesco to oversee £28bn mandate

Master trust’s appointments set to come into effect at end of Q1 2025

Martin Richmond
clock 27 February 2025 • 3 min read
Trustpilot