Fed raises rates for first time since 2006
Historic interest rate hike signals confidence in the US economy
The Federal Reserve raised US benchmark rates by 0.25% at the last meeting of 2015, for the first time since June 2006, in a widely expected move, which market participants say signals a vote of confidence in the US economy.
The interest rate hike signals the end of nearly a decade of easy money and represents the first step towards normalisation since the post-financial crisis near-zero rate environment in developed economies. The hike will also exacerbate the policy divergence between the
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