Janet Yellen

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The Fed Finally Raises Rates

2017-11-20T15:20:33-04:00 December 17th, 2015|Financial Article|

The events of today bring one word to mind: finally. Earlier today, the Federal Reserve (Fed) finally raised the target for the federal funds rate by 0.25%. By raising this key overnight borrowing rate, the Fed raised interest rates for the first time in nine years—an event that has been receiving a great deal of attention recently.