Grade Booster student workshops are back in cinemas for 2022. Learn more

Home
Subjects
Shop Courses Live Jobs board
Account Shopping cart Logout

Economics

Economics
Explore
Blog Reference library Collections Shop

In the News

US Fed raises interest rates driving the dollar higher

Geoff Riley

15th December 2016

Share:

The strengthening US dollar is not perhaps what Donald Trump had in mind when he said he wanted to make America great again. It will erode the price competitiveness of manufacturing exports and perhaps hit those states that gave him a narrow win.

The U.S. Federal Reserve has moved up the benchmark monetary policy interest rate by 0.25 percent to between 0.50 percent and 0.75, and signalled a faster pace of increases in 2017. It is the first of a series of moves taking nominal interest rates closer towards a normal position that - in case of a future slowdown - will give the US Fed some room to ease policy again to support confidence and demand.

Infographic: Federal Reserve Moves Up Base Rate 0.25 percent | Statista
You will find more statistics at Statista

Share:

Geoff Riley

Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.

Boston House,
214 High Street,
Boston Spa,
West Yorkshire,
LS23 6AD

Tel: +44 0844 800 0085

© 2022 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.

Back to top