As expected by the market, the US Federal Reserve lifted the US Fed Funds Rate this week to 1.75%-2.00%. This was the second hike in 2018, and a continuation in a cycle that began in late 2015. In a post-GFC environment where interest rates are eventually expected to settle at lower levels, it’s natural to ask how far away the US Federal Reserve is to the end of its interest rate cycle.   read more.....

Publication by Harbour Asset Management