What does the US interest rate rise mean for the UK?

What does the US interest rate rise mean for the UK?

By The Times

The US Federal Reserve has drawn a line under the financial crisis by raising interest rates for the first time in nearly a decade, but what lies ahead for the US economy, and in turn, the UK?Alexandra Frean, The Times US Business Editor, says traders are now cautiously hoping for a late Santa rally on the stock market in the run up to Christmas, but American consumers themselves are feeling less positive.“People are still very jumpy and don’t quite trust the numbers” she explains, arguing that despite job growth and low oil prices, Americans don’t feel the financial crisis is fully over.The Fed will need to carry on reassuring Americans that things are back to normal, Alexandra argues.But why does she think Janet Yellen is the closest thing the US has to the Queen?And if the Yellen is the queen, does that make Mark Carney the king? Simon English, The Times Deputy Business Editor, thinks so. “He’s the right man in the right job,” he says of the Bank of England governor. But what does an US...

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