Federal Reserve Raises Rates for the First Time Since 2016
Posted on 12/14/2016
The U.S. Federal Reserve has raised interest rates by 0.25%. The committee decided to raise the target range for the federal funds rate to 0.5% to 0.75%. The decision takes effect on December 15, 2016. The move was widely expected. This is the first benchmark interest rate increase in 2016 and only the second rate […]
