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Well, the Federal Reserve has finally gone and done it. It raised short-term rates by 25 basis points, and Fed officials predicted four more similar hikes next year. That will bring rates to a range of 1.25 per cent to 1.5 per cent.

WELL, the Federal Reserve has finally gone and done it. It raised short-term rates by 25 basis points, and Fed officials predicted four more similar hikes next year. That will bring rates to a range of 1.25 per cent to 1.5 per cent.

The era of the much-discussed zero interest rate policy

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