Great news! Hopefully this will help my real estate investments. Well done Obama.
The unanimous decision to hike rates by 0.25 percentage point to a range of 0.50% - 0.75%, came at the conclusion of the policy-setting Federal Open Market Committee’s final two-day meeting of the year. Policymakers cited continued economic improvement including “solid” job gains, higher household spending and rising inflation.
“Our decision to raise rates…is a reflection in the confidence we have in the progress the economy has made and our judgment that progress will continue. And the economy has proven to be remarkably resilient, so it is a vote of confidence in the economy,” Fed Chief Janet Yellen said in a press conference following the 2:00 p.m. ET decision.
[Edited on 12/14/2016 by BoytonBrother]
LOL, its not surprising and maybe overdue. i expected a .25 more. and obama had nothing to do with the raise in rates, maybe for improving the economy to where they can be raised though. 
The economy has been roaring. Better slow down that massive 2% GDP growth rate!
