Federal Reserve Expected To Raise Interest Rates

Stocks around the world were up this morning, ahead of an expected announcement that the Federal Reserve will raise benchmark interest rates for the first time in nearly a decade.

The increase is expected to be just a quarter of a percent, but it will impact everything from car loans to your savings account.

NPR’s economic correspondent John Ydstie speaks with Here & Now‘s Jeremy Hobson about what this increase will mean.

Guest

• John Ydstie, an economics correspondent for NPR. He tweets @jey51.

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