US treasury yields and dollar soar as Fed hikes rates for first time in a year
Second rate rise since December 2015
In a widely expected move the Federal Reserve has increased interest rates by another 25bps, marking its first hike since last December, as the US labour market and economy continue to strengthen.
In a widely expected move, the Federal Open Market Committee (FOMC) has decided to raise the Federal Funds Rate in the US to 0.5%-0.75% following its December meeting. However, the market was surprised...
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