US Fed readies first historic rate hike since 2006 amid calm markets
Eight years after a devastating recession opened an era of loose US monetary policy, the Federal Reserve was set on Wednesday to raise rates for the first time since 2006, in a sign the world`s largest economy had overcome most of the wounds of the global financial crisis.
Dec 16, 2015, 22:00 PM IST
Fed rate hike 'makes sense,' says US reserve bank president
Now that the United States is closing in on full employment and inflation is likely to rise to target levels, the "next step" should be to start gradually increasing rates, a top US central banker said on Saturday.
Nov 09, 2015, 03:44 AM IST
