The U.S. Federal Reserve, European Central Bank, Bank of England and Swiss National Bank all raised interest rates by 50 basis points this week, in line with expectations, but markets are honing in on their shifting tones. Markets reacted negatively after the Fed on Wednesday hiked its benchmark rate by 50 basis points to its highest level in 15 years. This marked a slowdown from the previous four meetings, at which the central bank implemented 75 basis point hikes. However, Fed Chairman Jerome Powell signaled that despite recent indications that inflation may have peaked, the fight to wrestle it back to manageable ... (full story)