Friday, 16 December 2016

US FEDERAL RESERVE HIKES INTEREST RATES

USA's central bank Federal Reserve raised interest rates for the second time in a decade signaled a faster pace of increases in 2017 as central bankers adapted to the incoming Trump Administration promises of tax cuts,spending and Deregulation.

Federal reserve increases its funds rate to a range between 0.50% and 0.75% from the range of 0.25% to 0.5%.