The Federal Reserve raised interest rates by 50 basis points today. It was a seventh consecutive rate hike from the Fed, four straight three-quarter point hikes. Markets moved lower in response to the expected lower increase, as forecasts now show a higher terminal interest rate later in 2023. Meanwhile, the U.K. inflation rate eased from a 41-year high in November. On today’s Daily Briefing, Darius Dale of 42 Macro joins Andreas Steno Larsen to break down what the Fed’s hike --- and the potential of deflation setting in --- means for asset classes in 2023. We’ll also be joined by Real Vision macro expert James Helliwell to discuss today’s U.K. Inflation data and what it means for the Bank of England’s rate hike decision tomorrow.
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