Hawkish Hike Delivered

23%its chance, of the story’s futures

−0.6%on the S&P 500, if it happens

The BOE raises rates by 25 basis points but pairs the move with stronger language on inflation persistence and the labor market. Investors bring forward expectations for another increase, pressuring rate-sensitive equities and supporting sterling.

What it moves

Utilities−1.0%
Consumer Cyclicals−1.0%
Riskier companies' borrowing costs▲ up
Market volatility▲ up

Sectors in percent; other series by direction only.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.

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