The Fed Raises Key Interest Rate, Potentially Slowing Job Market Growth

December 16, 2015 7:07 PM

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The Fed Raises Key Interest Rate, Potentially Slowing Job Market Growth

The central bank's long-awaited decision will hit you in your wallet.

Bivens and other, mostly liberal, economists who believe it is too soon for an interest rate hike argue that lackluster inflation is actually a sign that the Fed’s other area of concern, the job market, is not growing fast enough.

Also read: YELLEN: The Fed is close to its goals and expects to hike rates 'a few' times this year

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