Markets in a Minute is a monthly update produced by RBC Brewin Dolphin, providing a concise overview of key market developments and the themes shaping the current investment environment.
Guinness Global Investors uses RBC Brewin Dolphin as an investment adviser for the Multi Asset Fund range
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Guy Foster, chief strategist, discusses what’s next for UK interest rates and the factors that could influence a rate hike.
Key Highlights
AI restraint:
Frontier labs call for a slowdown, citing safety concerns and the rising cost of the AI arms race.
Fed hikes:
Rates were hiked to 3.75% -4% from 3.5% -3.75% by the Federal Reserve in a unanimous decision.
Bank of England:
Rates held at 3.75% on a 6 -3 vote, with three members open to hikes if energy prices persist.
