The Federal Reserve hikes its benchmark interest rate for the fourth time this year, by one-quarter of 1 percent to 2.5 percent. We discuss the outlook for the markets and the economy.
A market that has grown used to cheap money over the past decade is becoming increasingly concerned that the Federal Reserve will aggressively raise benchmark interest rates.
Federal Reserve Chair Janet Yellen said the Fed may start raising rates around six months after quantitative easing—ahead of what experts were expecting. We take a closer look at how the markets react to her comments at her first live press conference, and how her first policy meeting may affect the economy. Read an article, watch Yellen’s full press conference, and read a transcript of her remarks.