The US Federal Reserve has raised interest rates by a further 0.25 percentage points to 5.0 percent in a decision which may be designed to ward off panic.
With fears of the US banking sector resurfacing recently, “holding interest rates where they were previously would have probably been seen as a sign of concern,” explained Daniele Antonucci, the chief economist and macro strategist of Quintet Private Bank.
“As such, increasing them was rather a token of conviction....
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