US Federal Reserve hikes rates again as confidence in the economy grows

US Fed raises rates for second time in three months

"The U.S.is good. More important, we see the worldwide markets finally beginning a six- to eight-year turn", said Christine Armstrong, executive director at Morgan Stanley in Boston.

The exchange rates at MB Bank dropped from VNĐ22,750 to a dollar on Wednesday to VNĐ22,720 this morning.

Interest rates are seen rising one more time by the end of this year, according to the median projection of the forecasts released with the Fed's policy statement, in keeping with the previous forecast. The Federal Reserve has raised its key inte.

China's yuan edged up against the dollar on Thursday after the central bank set guidance at a fresh seven-month high following the US Federal Reserve's widely-anticipated rate hike.

The FTSE 100 has slipped after the US Federal reserve announced an increase in interest rates. After a late tumble in technology stocks, the Nasdaq composite lost 0.4 per cent, to 6,194.89.

The pan-European FTSEurofirst 300 index ended down 0.3 percent and MSCI's gauge of stocks across the globe fell 0.8 percent. USA shares looked set to open lower, with Dow futures down 0.3 percent and S&P futures off 0.5 percent.

But they may still struggle to agree with the International Monetary Fund whether Greece should receive debt relief.

The Federal Reserve Chair Janet Yellen said: "our decision reflects the progress the economy has made and is expected to make". The Fed plans at least two more rate hikes this year.

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Asked about the criticism, Yellen said, "I don't think.The Fed's credibility has been impaired". "Notably, however, the Fed's inflation outlook (was) lowered, reflecting a more moderated outlook that is expected to invite more scrutiny on their upcoming decisions". Each increase adversely affects developing countries that are in dollar dependence on the U.S. The gap between the poor and rich inhabitants of the planet becomes deeper.

Investors have been selling tech shares, which have led market gains this year.

United States stocks fell for the fourth time in five days as selling in technology shares worsened, sending the Nasdaq indexes lower by more than 0.6 percent.

US two-year yields hit 1.368 percent, their highest in three months. However, even with a policy rate corridor of 1.0% to 1.25%, the real policy rate remains below inflation. Shares in Southeast Asia were mostly lower.

He said that the central bank must review the possible need for adjusting the extent of its monetary easing should the economy continue to improve.

Meanwhile, copper for July delivery fell 0.3% to $2.5655 a pound in NY. Brent crude, used to price worldwide oils, fell 6 cents to $46.94 a barrel.

Against its Japanese counterpart, the dollar shrugged off earlier losses and was flat at 109.54 yen, above Wednesday's eight-week low of 108.81 yen. The euro dropped to $1.1160 from $1.1217.

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