Federal Reserve Raises Interest Rates for Second Time in a Decade

The Federal Reserve increased its key interest rate by 0.25% on Wednesday.  It signified the Fed’s confidence in the improving U.S. economy.  Rising rates will affect millions of Americans, including home buyers, savers and investors.  Fed officials raised its target for short-term interest rates by 0.25 percentage points to a range of 0.50% and 0.75%.  Full Story