Top U.S. banks raised their prime lending rate on Wednesday after the Federal Reserve ​lifted its benchmark interest rate, a move that would increase ‌borrowing costs for consumers and businesses with...

Kevin Warsh led a unanimous vote to raise US interest rates a quarter point to a range between 3.75 and 4 per cent, four months after taking over as the US central bank’s chair.

The Fed on Wednesday raised rates in the world's largest economy by 25 basis points to between 3.75 and 4.00 percent, with policymakers signalling at least one more rate hike before year-end.