Federal Reserve raises key interest rate for first time in 9 years; Gradual hikes expected in '16
Wednesday, December 16, 2015 - 16:22
in Mathematics & Economics
Ed Adamczyk and Doug G. WareWASHINGTON, Dec. 16 (UPI) -- The Federal Reserve on Wednesday decided to finally increase key interest rates by a quarter point, believing the domestic economy can withstand the hike.