Fed Raises Rates Quarter Point
December 14, 2016The Fed raised the interest rate a quarter-point increase in the discount, or primary credit, rate, from 1 percent to 1.25 percent, and moved its target range from a range of 0.25 percent to 0.5 percent to 0.5 percent to 0.75 percent. The overnight funds rate currently sits at 0.41 percent. The Fed was citing the […]