News From Press Fed, BoE hike rates by 75 bps; how will higher interest rates impact your mutual funds?

Fed, BoE hike rates by 75 bps; how will higher interest rates impact your mutual funds?

Source: Economic Times Nov 5, 2022

The US Federal Reserve and Bank of England raised interest rates by 0.75 percent. The central banks are forced to raise rates to control inflation that has reached multi-decade high. That means the interest rates are likely to stay higher or even climb higher in the coming month.

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