Fed’s rate hike recessionary ‘mistake’ warns CEO

4 May 2023

The US Federal Reserve has made a “mistake” hiking the interest rate by 0.25% amid ongoing financial turmoil, warns Nigel Green, CEO of deVere Group. On Wednesday, the US central bank moved its benchmark rate to between 5- 5.25%, up from near zero just over a year ago and the highest level in 16...