Friday, 15 December 2017

Fed raises for 2nd time this year

The US Federal Reserve has raised its key interest rate by 0.25%, the second increase this year.

The central bank voted to raise its key rate target to a range of 1% to 1.25%.

That's the highest level since 2008, when policymakers cut rates to encourage borrowing and spending after the financial crisis.

http://www.bbc.com/news/business-40282066

Managed by Innovation