The US central bank is poised to raise interest rates for only the third time since the financial crash of 2008. On the campaign trail Trump said Yellen should be “ashamed” of the Fed’s low interest rate policy, and accused the bank of creating a “false stock market”. Trump is set to win the battle on interest rates, but US economy will pay the price Read moreWhat is the Fed expected to do? The Federal Reserve raised the base interest rate by a quarter of a percent in December last year and is expected to follow with a further rate rise on Wednesday. A rise in interest rates would encourage an influx of funds into the US, pushing up the dollar relative to other countries.

Source: The Guardian March 14, 2017 19:10 UTC