Sep 22, 2022 7:00:00 AM | LGT Navigator
LGT Navigator: The Fed continues to tighten the reins to the extent expected
As expected, the Federal Reserve (Fed) has again raised its key interest rate sharply by 75 basis points to its highest level in 14 years. The Fed is thus continuing its fight against unabated inflationary pressure. Japan's central bank, on the other hand, left everything as it was and is sticking to its expansive monetary policy, even though inflation has also picked up significantly in Japan recently. Further monetary policy decisions from Bern, Oslo and London are also eagerly awaited today. On the stock exchanges, the Fed's decision caused volatility and ultimately a negative daily performance of the indices. Following the partial mobilization announced by Putin in Russia, geopolitical uncertainties are now once again increasingly coming into focus.