Fed İncreases İnterest Rates By 0.25%

American Federal Reserve declared they increased the interest rates by 0.25 percent on Wednesday, raising it from 0,50 to 0,75 per cent.

FOMC's meeting reports also show both inflation and workforce expectations increased significantly.

Fed is expected to increase interest rate thrice in 2017.

Following Fed's decision, exchange rate of American dollar versus Turkish lira increased from 3,46 to 3,52. - York