Finally — The Federal Reserve Hikes Interest Rates

Federal Reserve Hikes Interest Rates For The First Time Since 2006

Contrast this with the the period from May 2004 to June 2006 — 18 rate hikes in all.

Chair Yellen delivers opening remarks at monetary policy research conference

Chair Janet Yellen delivers opening remarks at monetary policy research conference.

The wait is over. The Federal Reserve announced Wednesday that it is increasing the target for short term interest rates to a range of 0.25% to 0.50% from a range of 0% to 0.25%. The move, while small, is historically significant. The Fed has held interest rates near zero for seven years and has not raised them since 2006.

Read more at Forbes.com


photo credit: M2407962  (license)


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