FEDERAL RESERVE RAISES INTEREST RATE
This week it finally happened. After months and even years of speculation we have finally had an interest rate rise. As far as central bank action goes, this was probably the most widely anticipated move in Federal Reserve history. As a result there has not been the sort of impact you might expect from the first rate rise in nearly a decade. Markets had mostly priced in the hike, but still rallied on the news. Read more….