Federal Reserve raises interest rates again amid 'strong' jobs market

The Fed appears to be moving towards ending an era of historically low interest rates that began during the last recession

The Federal Reserve raised interest rates again on Wednesday, arguing that the US jobs market was "strong" and signalled it may accelerate the pace of increases next year.

The quarter percentage point rise to a range of 1.5% to 1.75% was the sixth such increase since 2015 and comes as the Fed appears to be moving, slightly, more quickly to end an era of historically low interest rates that began during the last recession.