Author - Alexander Jenison

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FED Raises Short-Term Interest Rates

FED Raises Short-Term Interest Rates

The Federal Reserve announced at 2pm CST today, December 16th 2015, that they are raising short-term interest rates by one quarter of one percent (0.25%) in a unanimous vote by the Federal Open Market Committee. This is not a large surprise as much of the market anticipated this move based on comments from Federal Reserve chairwoman, Janet Yellen, in previous press conferences and other published meeting minutes. It is important to note that this rate increase is small and only the beginning of a gradual plan to increase rates in 0.25% increments. This steady approach is aimed at bringing rates …
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