U.S. Fed raises rate, now higher than RBA

21 March 2018

 

It has been a little over two years since the U.S. Federal Reserve began raising its official interest rate, known as the federal funds rate. In December 2015, the U.S. Fed increased its target range of the overnight cash rate by 0.25%, moving it away from what was essentially a zero interest rate for overnight or borrowing and lending between banks. Since then, there have been another three increases. The...

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