US key interest rate highest since 2008
The US Federal Reserve has said it would raise its key interest rate by 0.25%, the second rise this year.
The central bank voted to raise its key rate target to a range of 1% to 1.25%.
That’s the highest level since 2008, when policymakers slashed rates to encourage borrowing and spending after the financial crisis.
The rate rise was widely anticipated after a low unemployment rate.