Rising rates: The Fed raised interest rates in late December for the first time since 2006 - will it affect local businesses?

Monday, February 15, 2016

On Dec. 18, the Federal Reserve raised its interest rates from 3.25 percent to 3.5 percent. Six weeks later, The Associated Press reported that stock markets have plunged and oil prices have skidded, and the Dow Jones industrial average shed more than 7 percent of its value in the first three trading weeks of 2016.

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