The Fed Raises Interest Rates Again


The Federal Reserve on Wednesday raised its benchmark interest rate for the sixth time since late-2015. The Fed has worked to normalize monetary policy over the past two years. It begun with its initial move off historically low, near-zero rates in December 2015. Since that time, it has raised rates in incremental 25-basis-point moves, and has begun to slowly wind down a balance sheet that exceeds four trillion dollars.