The Federal Reserve Raises Interest Rate: What Does It Mean For Us?

After almost a decade, The Federal Reserve raises a higher interest rate for the first time. The Federal Open Market Committee unanimously voted to set the new target range for the federal funds rate at 0.25 percent to 0.5 percent, up from zero to 0.25 percent. Policy Makers forecasted an appropriate rate of 1.375 percent … Continue reading The Federal Reserve Raises Interest Rate: What Does It Mean For Us?