Interest Rates Rise

The Federal Reserve has increased interest rates thanks to a growing economy.

Bank accounts may give back some more to consumers following the Federal Reserve’s decision to increase federal interest rates for only the second time since 2008. Th increase should give more returns to saving accounts but will make loans for things like cars or houses more expensive. The decision was made in part thanks to economic growth. However the news made a small blow to the stock market; the Dow average dropping more than 100 points.