In what is a good sign for the overall economy, the Federal Reserve announced today it would hike interest rates from the current near 0 level to 0.25%. The widely expected move is sigificant because it marks the first time the FOMC will raise rates off of 0 since its unprecendented move to lower rates to stimulate the economy in December of 2008.
This is an historic decision and one market watchers have been anticipating for years. As a result, coverage of the announcement has come in from all angles. Below are a few of our favorite articles:
- The Washington Post wrote a great explainer earlier this week on everything you need to know about the Federal Reserve’s expected interest rate hike.
- Vox points out that this first hike since 2006 is a big deal.
- Do you remember what the world was like in 2006?
- The Fed increased rates but expects rates to increase at a slower pace than before.
- Bond markets took the move in stride.
- FiveThirtyEight asks now what?
- Barrons takes a more stock specific look at what to expect.
- Morgan Stanley points out that the Fed is on schedule compared to past rate hike decisions.
- Here are all the charts you could want.