US interest rates
Reuters commented that the US economy is as close to ideal as it could have been dreamed of a decade ago. It is growing at a pace topping 4 percent, unemployment is as low as it has been this century, and inflation has safely edged up toward an official target. On Wednesday, the Fed increased its benchmark overnight lending rate from 1.75 to 2.00%. The rate hike was the seventh in this cycle and marked a shift to a neutral stance in which the policy rate matches inflation. Fed Chairman said that “the economy is doing very well”.