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US raises interest rates, predicts more ahead

US Federal Reserve chairwoman Janet Yellen

US Federal Reserve chairwoman Janet Yellen Source: AAP

The United States' Federal Reserve has marked the end of the country's post-global-financial-crisis recovery period, raising the key interest rate for just the second time in a decade. And the central bank is forecasting another three possible hikes in the next year as the US dollar surges to its highest value since February.


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The United States' Federal Reserve has marked the end of the country's post-global-financial-crisis recovery period, raising the key interest rate for just the second time in a decade. And the central bank is forecasting another three possible hikes in the next year as the US dollar surges to its highest value since February.



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