The Federal Reserve has just released a statement announcing that they have raised the interest rates they control.
The Federal Reserve has decided to raise the target range for the federal funds rate to 1/4 to 1/2 percent, from 0 to 1/4.
The full statement is here.
UPDATE
There were no dissents. All voting members of the FOMC voted for the hike.
UPDATE 2
The interest rate paid on required and excess reserve balances at the Federal Reserve has been raised to 0.50 percent from 0.25 percent, effective December 17, 2015.
UPDATE 3
Wells Fargo Reacts to Fed Rtae Hike and Raise Rates for Borrowers
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