Thursday, December 17, 2015

Federal Reserve Hikes Key Interest Rate By 0.25%, Signaling Confidence In Economy


By Mike Brunker, Dec 02, 2015 NBC

The Federal Reserve on Wednesday raised its key interest rate for the first time in nearly a decade, expressing confidence that the economy has recovered sufficiently from last decade's severe recession to withstand higher lending costs.

All the same, Fed Chair Janet Yellen said the central bank's 0.25 percent hike in its federal funds rate — the percentage that banks charge one another for short-term loans — will be followed only by "gradual adjustments" that can be slowed if economic activity doesn't continue to "expand at a moderate pace."

 
Read More: http://www.nbcnews.com

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