Federal Reserve raising interest rates

Posted: 8:54 AM, Dec 17, 2015
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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