December 16, 2015 BY LeapRate Staff
Fed raises rates for first time in nine years: let the trading begin
Well, they finally did it. In one of the most anticipated rate changes in recent memory - although the first in an upward direction since 2006 - the US Fed (or more precisely, the FOMC) announced a 25 basis point rate hike in its target funds rate. The Fed's new target range will go from 0-0.25%…
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