While you were sleeping: Fed hikes, signals more ahead

Wed, 14 Dec 2016

By Margreet Dietz Dec. 15 (BusinessDesk) - Wall Street and US Treasuries moved lower, while the greenback strengthened after the Federal Reserve increased its key interest rate for the first time in a year and signalled an accelerating pace of increases in next year’s borrowing costs. “In view of realised and expected labour market conditions and inflation,” the Federal Open Market Committee said it agreed to raise its target interest rate by 25 basis points between 0.5 percent to 0.75 percent. The decision was unanimous. The increas...

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