U.S. FED HIKES INTEREST RATE FOR FIRST TIME IN NEARLY A DECADE

Dec 16, 2015

By Bob Komsic

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The U.S. Federal Reserve Board is hiking rates for the first time in seven years, signalling faith the economy had regained enough strength after the financial crisis.
US-Federal-Reserve
The American central bank’s raising the range of its benchmark rate by a quarter of a percentage point to between 0.25% and 0.50%, meaning consumers  and businesses could now face modestly higher rates on some loans.
The Fed has also made it clear that the rate hike was the start of a ”gradual” tightening cycle as it monitors inflation.
That represents a compromise between those who’ve been ready to raise rates for months and those who feel the U.S. economy is still at risk .
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