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The U.S. Federal Reserve finally hiked its policy rate by .25% on Wednesday, its first increase since 2018.
The Bank of England followed suit on Thursday, announcing its third consecutive .25% increase on Thursday (overnight rate now at .75%).
The European Central Bank hasn’t increased rates since Europe’s 2011 financial crisis but says it might end its QE bond-buying program during the third quarter as the first step of monetary tightening efforts.