Up, up, and away! The Fed raises interest rates again
The Fed, citing a strengthening economy, raised the benchmark interest rate target to between 0.75% and 1% and indicated another two interest rate hikes could be expected for 2017. Following years of zero interest rate policy, the aggressive move to normalization signal the Fed has more confidence in the strength of the US recovery. The Financial Sector benefits the most as easy money is drained from the financial system.
