U.S Federal Reserve raises interest rates

U.S Federal Reserve raises interest rates

U.S Federal Reserve raises interest rates

Written by Tharushan Fernando

17 Dec, 2015 | 7:15 am

U.S Federal reserve has raised interest rates by 0.25 percentage points. THis is the first increase by the Federal reserve since 2006

THe move is predicted to cause a ripple effect globally and could increase pressure on the U.K to raise rates and could also mean higher borrowing rates for devoloping countries,

Rates in the U.S have been near zero since 2008

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