Global Analysis 01-07-2004 Fed raises rates for first time in four years; ECB keeps refi at 2pc The Federal Reserve raised interest rates by a quarter point to 1.25 per cent this week, the first increase in more than four years. The move had been widely expected… Sign in or Upgrade to Continue Reading This news article is over 10 days old. Subscribe today to access all articles with an annual subscription. Become a member Learn more Already a subscriber? Log in here