Fed Raises Rate, First Time Since 2006
Posted on 12/16/2015
The U.S Federal Reserve voted (10-0) to raise interest rates by a quarter point. This is the first rate increase in more than 9 years. The Federal Reserve raised the federal funds rate to a range of .25% to 0.5%. The “loose tightening” is a sign that the era of zero interest rate policy (ZIRP) […]
