Additional Market Commentary
Adjust strategy as interest rates rise slowly
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On Dec. 14, the Federal Reserve (Fed) increased its benchmark short-term interest rate by 0.25 percent to a target range of 0.5 percent to 0.75 percent. The previous range was 0.25 percent to 0.5 percent. It was the Fed’s first vote this year to increase the federal funds rate, the rate at which banks lend to one another overnight, and it came a year after the Fed raised rates for the first time since 2006. Read article in Reserve Magazine
