Fed Raises a Key Rate a Quarter-Point as Widely Expected
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The raise in short-term interest rates suggested that the Federal Reserve will keep raising rates over the next year.
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The Swiss central bank has raised its key Libor interest rate by a quarter of a percentage point to a range between 1.25 percent and 2.25 percent to dampen the threat of inflation.
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The Federal Reserve, encouraged by the economy's performance, boosted a key short-term interest rate by one-quarter percentage point Tuesday, the fifth increase this year.
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The U.S. Federal Reserve on Tuesday  raised interest rates for the third time this year by a quarter  of a percentage point and said the economy was regaining some  momentum, signaling at least one more to come.
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The US Federal Reserve raised US interest rates tonight for a fourth time this year by a quarter percentage point. It cited brightening job prospects, indicating that more increases may lie ahead.
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The Federal Reserve raised short-term interest rates a quarter-point for the fourth time in five months Wednesday, extending its campaign to keep inflation in check after the economy showed impressive job growth over the past three months.
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With a fall in oil prices easing inflation concerns, the Federal Reserve is expected to continue its easy-does-it approach to raising interest rates, boosting a key rate by a moderate quarter-point at its final meeting of the year Tuesday.
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The US Federal Reserve decided Tuesday to raise the federal funds rate, which commercial banks charge each other on overnight loans, by a quarter percentage points to 1.75 percent.
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Federal Reserve officials are set to  jack up interest rates on Tuesday for a fifth time this year,  confident the U.S. expansion is self-supporting and no longer  in need of rock-bottom borrowing costs for a boost.
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There is a broad consensus among economists that the US central bank will continue its gentle approach to raising interest rates with a moderate 0.25pc rise to 2.25pc when it convenes for its final meeting of the year.
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The European Central Bank is set to lift its key interest rate by a quarter of a percentage point when it meets this week &#151; the fifth such move since the bank started adjusting rates in December 2005 as Europe's economy picked up.
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US interest rates are expected to rise by a quarter percentage point to 2.25% following a US Federal Reserve meeting later on Tuesday.
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The Federal Reserve raised official interest rates last month for the third time this year despite a mixed economic outlook. The rate increase took the benchmark federal funds rate to 1.75 percent from 1.50 percent.
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Federal Reserve policymakers lifted the federal funds rate a quarter point to 1.75 percent, saying the US economy has &quot;regained some traction&quot; and no longer needs as much stimulus.
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Federal Reserve policy-makers  started a two-day meeting on Wednesday that markets expect will  yield a quarter-percentage point rise in the overnight federal  funds rate to 5.25 percent.
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As expected, the Federal Reserve raised a key interest rate one-quarter point in continuing efforts to stave off inflation while holding rates at near record lows to help fuel economic expansion.
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WASHINGTON - The Federal Reserve boosted a key short-term interest rate by one-quarter percentage point Tuesday, marking the third increase this year. It's part of a gradual process to wean the economy from extraordinarily low rates that are no longer viewed as necessary to keep the economy afloat...