In the News

Title

Fed delivers highly anticipated rate hike

Document Type

Article

Publication Date

12-16-2015

Abstract

Interest rates are on the way up after 7 full years near 0%: The rate-setting group at the central bank has voted to raise the federal funds rate, the Fed's benchmark interest rate. It's the first increase in rates since 2006, more than a year before the breakout of the financial crisis that led to an era of rock-bottom borrowing costs.