November 2024

In one of the best-telegraphed moves in history, the Federal Reserve Open Market Committee has voted to raise the Federal Funds interest rate by 0.25%. The tiny rate hike is significant only because the Fed has kept the rate at 0% since 2008, part of its effort to keep the economy on life support in…

U.S. stocks traded sharply higher on Wednesday after the Federal Reserve raised its key interest rate for the first time in nearly a decade. The central bank increased its key borrowing rate by 25 basis points to 0.25%-to-0.50%, as expected at the conclusion of its two-day policy meeting. Policy makers voted unanimously to raise the…

America’s first interest rate hike in nearly a decade is here. The Federal Reserve raised its key interest rate on Wednesday from a range of 0% to 0.25% to a range of 0.25% to 0.5%. The rate hike is a small one, but it will affect millions of Americans, including investors, home buyers and savers….