The US Federal Reserve raised its rate by 0.25%, its first hike in three years. NESDC secretary-general Danucha Pichayanond says this raises global risk and could push Thai interest rates up, depending on how the Bank of Thailand responds. He gave no concrete measures. For an SME, this is a signal to watch: borrowing costs may rise later, and fuel and transport costs could climb if energy prices rise. Nothing in the article requires action this quarter.