Savers, travelers, foreign governments and more are helped by the quarter-point increase.
Federal Reserve chair says an adjustment will 'likely be appropriate' after evaluating employment and inflation data.
The comments reinforced the view that the Fed could step up the pace of its rate hiking campaign if the incoming Trump administration unleashed a fiscal stimulus.
Even projections for future rate hikes have coalesced.
The move was expected and signals a recovery in the economy since the 2008 financial crisis.
A moderately growing U.S. economy can’t sustain growth abroad on its own for long.
The U.S. central bank said an array of global risks and other factors had convinced it to delay the hike.
The rich are feeling better, but the average citizen has not seen much benefit from the recovery yet.
After months of speculation, federal policymakers could raise interest rates on Thursday.
Fed says the economy is now on track to grow between 1.8 percent and 2.0 percent this year.
Authorities in the United States and Europe have fined seven banks over $10 billion.
Russia’s central bank raised interest rates by 6.5% overnight, but the rouble continued to plunge against the dollar