This marks the end to the near-zero borrowing costs that have prevailed since the US was struck by the worst financial crash in modern times.
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US economy
What is at stake if the Fed raises rates?Why is the Fed considering raising interest rates now?
Why have rates in the US been held so low for so long?
Is the US economy ready to cope with interest rate rises?
How fast are rates likely to rise?
Will they return to pre-crisis levels?
How does a rise in central bank interest rates get transmitted to the wider economy?
US business
Are businesses ready for an increase in borrowing costs?What are zombie companies and why are we concerned about them?
US consumers
What will a rate rise mean for my personal finances?Are US consumers in general prepared for rates to rise?
Financial Markets
How will investors react to higher US interest rates?How are currency traders positioning themselves in the anticipation of rate rises?
What investments are most sensitive to interest rate rises?
What about the UK?
Will the UK automatically follow the US in raising rates?What are we expecting from UK interest rate rises?
The rest of the world
Are all major central banks around the world thinking of raising interest rates?Why would a rate rise in the US impact the emerging market countries?
Jargon buster
What is tightening and loosening?What is monetary policy?