The Federal Reserve Hikes Policy Rate to 4%. What this means for Kenya

The Federal Reserve has raised its policy rate by 25 bps to 3.75%–4.00%, marking its first rate hike since July 2023. This unanimous decision sent shock waves across markets worldwide, with the Nairobi Securities Exchange witnessing the largest sell offs on record. More importantly, the Fed is not signalling that this is a one-off move, […]