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Fed Raises Rates for First Time in 2016, Anticipates 3 Increases in 2017 Central bank will nudge up the federal-funds rate by a quarter percentage point to between 0.50% and 0.75% Federal Reserve Chairwoman Janet Yellen explains the decision to raise the federal-funds rate by a quarter percentage point, and the expectation for further increases in 2017.
156145 156147 156147 What effect would an interest rate hike have on US wallets? If and when the Federal Reserve Bank raises interest rates, which is widely expected, it would be the first such hike since the 2008 financial crisis. Raised rates will impact the cost of home mortgages and there will be consequences for corporations too.