The Short of It

Fed raises rate, for real

By Jane HaglMarch 16, 2017

03/16/17

By George, they really did it. The Federal Reserve raised the interest rates to range between 0.75 percent and 1 percent. This is the third time in 15 months the rate has increased, signaling an end to the nine-year stimulus project. Spending and hiring numbers are up. The market keeps surging, showing investors are confident. The Fed is expected to raise rates again this summer. Better pay of your credit card debt.