Fed expected to raise interest rates for the first time in 9 years

EPA/MICHAEL REYNOLDS

The seal of the United States Board of Governors of the Federal Reserve System on the floor in the Marriner S. Eccles Federal Reserve Board Building in Washington, DC, USA

Fed expected to raise interest rates for the first time in 9 years


On Tuesday, the Federal Open Market Committee convenes to decide on US interest rates. The market is already certain that the Federal Reserve will begin its two-day December policy discussion with a discussion of “how much” rather than “if” to raise interest rates, for the first time since 2006.

There is little doubt that the raise will be timid, not more than 25 to 50 basis points. The US is running against the tide in Japan, Europe, and China that are stepping up quantitative easing. In add...


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