The Fed and Swiss Bank increase interest rates
News of the day, Thursday, 16 June
The U.S. Federal Reserve raised rates by 0.75% to 1.75%, which is the largest rate hike since 1994.
Asian shares fell following the Fed’s decision, with Hang Seng down 1.31% and MSCI’s broadest index of Asia-Pacific shares outside Japan down 0.46%.
Oil prices …