December 13, 2017//-The US Federal Reserve has agreed to raise interest rates by 0.25%, the third rate rise in 2017.
Policymakers at the US central bank say the move underscores strength in the US economy.
It marks a further retreat from the ultra low rates that were put in place during the financial crisis to boost economic activity.
The Fed is targeting a rate of 1.25%-1.5% for its benchmark rate.
BBC