In the "Capital Talk" column Tan Teng Boo, CEO of Capital Dynamics Sdn Bhd, writes on the US Fed and interest rates.
In its latest meeting, the US Federal Open Market Committee (FOMC) decided to raise the federal funds rate target to 4.25%. Since it started raising the target rate in June 2004, the US Federal Reserve (Fed) has come a long way in its monetary tightening and has so far raised the federal funds target rate by a total of 325 percentage points.
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