You can take it to the bank: The Federal Reserve will raise short-term interest rates a quarter-point at its coming meeting on December 16.
Federal Reserve Chair Janet Yellen has all but announced the move, and strong job gains in November have helped seal the deal, assuring the monetary policymakers that the economy appears to be strong enough to withstand a rate increase. It will be the first increase in nine years.
Read more at http://www.kiplinger.com/article/business/T019-C000-S010-interest-rate-forecast.html#o1FTpUHs6iAzisST.99
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