December 2016: Feds Raise Interest Rates
Updated February 11, 2017 | Infoplease Staff
Here's a slideshow depicting the major U.S. news events of December 2016.
1. Oakland Warehouse Fire Kills Dozens 2. Army Corps of Engineers Announces Pipeline Stoppage 3. Judge Announces Mistrial in Michael Slager Case 4. Supreme Court Rules in Samsung's Favor 5. Astronaut John Glenn Dies 6. Lamar Jackson Wins Heisman Trophy 7. Feds Raise Interest Rates 8. Yahoo Announces Another Hack 9. Dylann Roof Found Guilty 10. Heimlich Maneuver's Henry Heimlich Dies 11. Actress Zsa Zsa Gabor Dies
- Feds Raise Interest Rates
- After two days of meetings in Washington, D.C., Federal Reserve officials announce on Dec. 14 a rise in interest rates to boost borrowing costs in 2017. This is only the second rate hike since 2008. The Federal Open Market Committee says the expectation for inflation has grown and that labor markets are tightening. This increase might lead to slightly higher costs for borrowers, consumers, and companies down the road.
- Photo source: AP Photo/Richard Drew