Today the US Federal Reserve (their central bank), headed up by Janet Yellen, raised the US interest rate by a quarter of a percentage point to 0.75% from 0.5%.
For the decision, Janet Yellen explained: Keep Reading
On Friday The Chairwoman of the US Federal Reserve (the central banking system in the US that determines monetary policy, a.k.a. interest rates), gave a highly anticipated speech at the annual economic summit (an invitation-only conference for central bankers from around the world), in Jackson Hole, Wyoming and provided reason to believe that the Fed will soon implement an interest rate increase, with more increases to follow. Keep Reading
