News Alert: Federal Reserve raises key interest rate, potentially slowing job market growth

View in Browser BREAKING NEWS Wednesday December 16, 2015 The Fed Raises Key Interest Rate, Potentially Slowing Job Market Growth NICHOLAS KAMM/Getty Images WASHINGTON -- The Federal Reserve announced Wednesday that it is raising its benchmark interest rate, putting downward pressure on job creation in order to address long-term concerns about inflation and financial stability. The central bank’s Federal Open Market Committee decided to raise the target federal funds rate -- or the interest the Fed sets for banks to lend to one another overnight -- one-quarter of a percentage point to a range of 0.25 percent to 0.5 percent. Read More

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