Here, the Financial Times breaks down the Fed's landmark decision to increase interest rates.
Federal Reserve raises interest rates for the first time in nearly a decade
The US central bank has raised interest rates by a quarter percentage point and pledged a gradual pace of increases
This marks the end to the near-zero borrowing costs that have prevailed since the US was struck by the worst financial crash in modern times.
Federal Reserve raises interest rates for the first time in nearly a decade
The US central bank has raised interest rates by a quarter percentage point and pledged a gradual pace of increases
This marks the end to the near-zero borrowing costs that have prevailed since the US was struck by the worst financial crash in modern times.