Why It Matters

Keeping an eye on Fed rate rise

Interest rates have been creeping up and could now rise at a faster pace given developments in the US.

The United States Federal Reserve hiked its benchmark short-term interest rate a quarter percentage point last Wednesday, marking its seventh increase since December 2015.

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A version of this article appeared in the print edition of The Straits Times on June 19, 2018, with the headline 'Keeping an eye on Fed rate rise'. Print Edition | Subscribe