US Federal Reserve System raised rates for the first time in nine years

Date: 13:43, 18-12-2015.

Almaty. December 18. Silkroadnews - Committee on Open Market (FOMC) of the Federal Reserve System (FRS) decided to raise the key rate by 0.25 percentage points, says RBC.
The reason for the rate increase, as noted, has been the US economic recovery. The unemployment rate for the last - December - to the Bureau of Labor Statistics is at around 5%, which is almost the same as "full employment." The rate of inflation has not yet reached the target of 2%, which is expected to achieve the FRS.
Meanwhile, the experts surveyed by Bloomberg and market participants almost unanimously believed that the FRS decides to raise the cost of borrowing.
The Committee decided unanimously to raise the rate. According to Bloomberg, the rhetoric posts FOMC is constructed in such a way that does not rule out further rate hikes. "The Committee suggests that the economic situation will develop in a way that would require only a gradual increase in rates", - the document says. "The rate hike will depend on the economic outlook", - said the FOMC. The risks for the economy and inflation, FOMC considered "balanced".
The FRS believes that the unemployment rate from 2016 to 2018 will amount to 4.7%. The US economy in 2016 will grow by 2.4% and in 2017 - by 2.2%.

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