BlackRock Director Brazier: The Federal Reserve and the Bank of England are expected to raise interest rates by 25 basis points each

According to reports, Alex Brazier, deputy director of the BlackRock Investment Research Institute and former member of the Bank of England’s Financial Policy Committee, said that the Federal Reserve may raise interest rates by 25 basis points today, while the Bank of England will “generally” raise benchmark interest rates by the same amount on Thursday. “I think (the Federal Reserve) will raise interest rates by 25 basis points today, and then possibly again, with interest rates slightly exceeding 5%,” Brazier said. Brazier said that the market turmoil of the past few weeks had already had an impact, so the Federal Reserve did not have to raise interest rates too much.

Interpretation of this information:

In this message, Alex Brazier, deputy director of the BlackRock Investment Research Institute, has made some predictions about the possible interest rate changes that may occur in the near future. He believes that the Federal Reserve will raise interest rates by 25 basis points today and may possibly do so again in the future, ultimately bringing interest rates over 5%. Brazier also believes that the Bank of England will “generally” raise benchmark interest rates by the same amount on Thursday. However, Brazier notes that the recent market turmoil has already had an impact, suggesting that the Federal Reserve does not need to raise interest rates too drastically.

Overall, Brazier’s statements suggest that there are likely to be some interest rate changes coming in the near future, with the Federal Reserve and Bank of England both considering raising rates by 25 basis points. However, Brazier also implies that caution may be warranted, as recent market volatility may affect the need for interest rate increases.