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Daily News Headline 12/15/16

posted Dec 15, 2016, 7:03 AM by Nancy Berry
In the news this morning, the Federal Reserve has raised the interest rate by a 1/4 percent, a vote of confidence that the economic recovery is real. In her announcement yesterday, Federal Reserve Chair Janet Yellen noted that the Federal Reserve expects the economy to continue to perform well with a stronger job market.  Credit cards, short-term loans, Federal student loans, and new car loans will be effected.  Three more interest rate hikes are planned in 2017.