US interest rates move up another quarter percentage point

The US Federal Reserve chair, Jay Powell took the decision to increase US interest rates by another 0.25% last night in a move which was largely expected by the market. As usual it was the language being used by the chair which was of more interest to the market. Whilst rates were raised up to 5% which is the highest since 2007, the language he used was indicative of a US central bank approaching and perhaps even at the end of raising interest rates. US bonds were boosted higher on the news but the current US regional banking crisis continues to keep investors very nervous about what happens next to the global economy