What you need to know about the US Federal Reserve
The US Federal Open Market Committee (FOMC) is expected to hold its first meeting on Wednesday to vote on raising interest rates in just over two weeks.
The meeting comes amid signs that the US central bank is poised to begin raising rates, and is expected by some analysts to vote to raise interest rates.
The FOMC is a group of nine members representing the central bank’s 17 policy-makers.
The FOMS decision to begin lifting rates on December 15 comes amid a broader increase in the US economy and inflation.
On Thursday, the US Department of Commerce announced that the country had reached the highest level of economic growth since the early 1990s.
The US Federal Bureau of Investigation announced on Wednesday that it had closed the investigation into the death of Hillary Clinton’s campaign chairman, John Podesta.