With the November meeting of the Federal Reserve not long behind us, people are already looking to the possibilities of the December meeting, scheduled for December 13-14. Looking Back: 2015 Rate Hike With America rebuilding from the Great Recession, the Fed has kept interest rates low and stable. It put interest rates near zero in December 2008 to stimulate the economy and help the falling housing market, and though 12 million jobs have been created since the Great Recession began, the Fed held off raising interest rates – until December 2015, when the rate increased by .25%. The 2015 rate hike was the first since June 2006, almost a decade before. Raising the interest rate in 2015 signaled confidence in the economy by the Fed. The central bank raises interest rates only when it feels the economy can withstand higher… Read More
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