As expected, the US Federal Reserve nudged interest rates higher on Wednesday by a quarter of a percent. The move was largely factored into global stock prices, and although US and Asian markets rallied on the news, there were no fireworks.
The US Federal Reserve has raised its key lending rate by another quarter-point — the second time in 2018, and aimed at staying ahead of growing inflation amid strong growth and robust employment.
Argentina's central bank has performed a series of rapid-fire rate hikes to help stabilize the national currency. The country wants to prevent a repeat of its 2001-2 economic crisis that left its population in poverty.
The US economy is in excellent health. Unemployment is very low while consumer and business confidence is at record highs. Is Donald Trump a miracle worker, or is a darker vista waiting over the horizon?
Federal Reserve Chair Janet Yellen has told the US Congress that interest rates will not have to rise much further. Politicians are concerned that three rate rises have taken place amid an uneven economic recovery.
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