How Rising Rates Could Impact BlackRock Stock
The Federal Reserve has stuck to its initial plan of three rate hikes of 25 basis points in 2018. The central bank implemented a rate hike in March, bringing the Fed funds rate to 1.75%. Rising rates have led to revaluations of equities and commodities amid rising borrowing costs. Analysts are less upbeat on leveraged companies due to their expected decline in net margins on higher finance costs.