The Federal Reserve has raised the interest rate for the first time in nearly a decade. The increase will be a small one, only 0.25% but it is expected to gradually increase in the future.
Those who oppose the central bank’s move to take the first step toward a tighter economic policy state that this rate hike has the potential slow the economic progress made since the great recession. On the other hand with economic recovery on track, the central bank insists this is the perfect time for a rate hike.
