Does the Fed Rate Hike Effect Me?
FED RATE RISES 0.25% Wednesday, for first time in 56 meetings spanning nearly ten years, the Federal Open Market Committee (FOMC) voted to raise the Fed Funds Rate from its target range near 0.00 percent. The Fed Funds Rate is now 0.25%. The group also added that additional rate hikes are likely throughout 2016 because the jobs …