The US Federal Reserve, the Bank of England and the European Central Bank all raised
interest rates this week as widely expected. But investors focused on their narrative
after these interest rate hikes. In the US, things are getting better but the Fed is taking
baby steps. The Bank of England is suggesting it is done with interest rate hikes as the
economic slowdown will help bring inflation down and the European Central Bank has
said they are not done with interest rate hikes just yet.