In the News
US Fed raises interest rates driving the dollar higher
15th December 2016
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.
You will find more statistics at Statista
Janet Yellen: "I have not recommended running a hot economy as some sort of experiment" https://t.co/yrYZcdmomj
— The Economist (@TheEconomist) December 15, 2016
"Looking ahead we expect job conditions will strengthen somewhat further," says Janet Yellen. Live: https://t.co/hRDTbwDObz
— The Wall Street Journal (@WSJ) December 14, 2016
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.
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