Federal Reserve raising interest rates

Posted at 8:54 AM, Dec 17, 2015
and last updated 2015-12-17 08:54:16-05
Consumers and businesses will likely face modestly higher rates on some loans now that the Federal Reserve is raising interests rates after seven years of record lows.
The Fed's move on Wednesday to lift its key rate by a quarter-point reflects its belief the economy has finally regained enough to withstand higher borrowing rates.

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