You are here


Data will determine future course, say analysts

The US Federal Reserve's first interest rate hike in almost a decade on Wednesday was widely anticipated. Here are some of the market reactions to the move, which raised the range of its benchmark interest rate by a quarter of a point to between 0.25 per cent and 0.5 per cent

Fed chief Janet Yellen has reassured the market that, post lift off, the rate hike cycle will remain gradual - even if the median 2016 rate projections remained at 1.4 per cent, the same as September. This suggests as many as four hikes next year.

"The Fed has delivered exactly on expectations: A hike and the start of normalising monetary policy but with a dovish commentary. The well-behaved nature of bond and equity markets overnight speaks to the Fed delivering on expectations for now. Economic numbers, especially US wage data, will now...

Market voices on: