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Here are Seven Silver Linings of a Fed Interest Rate Hike

The Federal Reserve did something on Wednesday that it hasn’t done in nearly a decade — raised interest rates. The nation’s central bank announced it will raise by 0.25 percent to 0.5 percent its benchmark federal funds rate, which hit rock-bottom in 2009. The move is the first increase since June 2006. Raising rates signals the end of a historic effort to stimulate growth and create jobs, and increase the price of borrowing money across the board. When the Fed raises its key rate, the cost of all other kinds of loans, from mortgages and car loans to credit […]