US Fed secures interest rate hike
After months of speculation, the US Federal Reserve has finally raised its benchmark interest rate by 0.25%, a collective vote which saw the key rate increase from 0.5% to 0.75%. While this hike was considered a conservative one, rates might continue to rise at a faster pace in the coming year, due to the new Donald Trump administration. Members of the Federal Open Markets Committee, who controls the interest rates, are predicting an increase in spending, and up to three