The Fed raised interest rates by 25 basis points for the first time in almost ten years United States economy into a new era
United States Chinese network comprehensive report, 2 o'clock in the afternoon on Wednesday, Eastern time, released on the outcome of the Federal Reserve, will open raised interest rates for the first time in a decade, since the end of 2008, the financial crisis has been pursuing a low near-zero interest rate policy since dead officially marks the United States economy fully into the new era of healthy growth. The Fed's latest decision fully in line with market expectations.
the Fed's Federal open market Committee (FOMC) announced that raised the benchmark federal funds rate by 25 basis points, the new target for the federal funds rate will remain in the range of 0.25% to 0.5%.
in the press conference that followed the Federal Reserve President Yellen said the Fed action marks the end of period of ultra-easy.
Yellen said, put off raising interest rates for too long may result in risk of sudden, policy stance remained accommodative. By historical standards, the neutral low levels of the federal funds rate.
Yellen said today only 25 basis points, the neutral interest rate is not a policy goal, but it is a useful benchmark. Policy lag will step by step operation. Zero means room to deal with the negative impact of reduced interest rates.
Yellen said, would carefully observe the effect of interest rates on financial conditions.
Yellen said the Fed's action shows that the economy made significant progress, the road to normalization of interest rates will be gradual.