Feds Raise Ratesmollygavin
Interest rates are going up.
The Federal Reserve raised its key interest rate by 0.25 percentage point on Wednesday. It was just the third time that the Fed has increased rates since the financial crisis. The move was anticipated after last week’s strong jobs report. A rate hike is a sign that the Fed is confident about the pace of growth in the U.S. economy. Read more from CNN Money here.