Fed lifts the hawkish bar for BoE
The Fed delivered its first hike in more than three years in line with colleagues, raising expectations for the BoE day ahead.
The Federal Reserve has raised interest rates for the first time in more than three years, with Kevin Warsh voting in line with his colleagues. The move has lifted the hawkish bar for the Bank of England as markets look ahead to European and global trading, according to Stella Qiu.