Asset managers have welcomed the Federal Reserve's decision to raise US interest rates by 25 basis points (bps), though some have warned pursuing two further hikes this year may be "tricky" if President Donald Trump continues aggressively to pursue deregulation, tax cuts and more government spending.
The Fed increased interest rates by 25bps to the range of 0.75%-1% following a two-day meeting of its Federal Open Market Committee (FOMC). It also said it hopes to raise rates three times throughout 2017....
Report from LaingBuisson
Adding £352m AUM
First evidence session on 24 October
FidelityMulti Asset portfolio manager's outlook
Announcement expected at PLSA conference