The US Federal Reserve has sought to head off rising inflation with a third interest rate rise since the 2008 financial crash and the second in three months, taking the base rate from 0.75% to 1%. Q&A: What will happen if the Federal Reserve raises US interest rates? The increases were modest following Yellen’s signals in December that interest rates were on an upward path. “I do think eventually that higher interest rates are going to have an impact on rates for car loans, so that may be a problem for automakers. Should that happen, the Fed will want to have substantial interest rates in place.

Source: The Guardian March 15, 2017 18:10 UTC