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FED Raises Interest Rates

16165619661_60ac1a71eb_oThe Federal Reserve announced at 2pm CST today, December 16th 2015, that they are going to raise interest rates by one quarter of one percent (0.25%) in a unanimous vote by the Federal Open Market Committee. This is not a large surprise as much of the market anticipated this move based on comments from Federal Reserve chairwoman, Janet Yellen, in previous press conferences and other published meeting minutes. It is important to note that this fed rate hike is small and only the beginning of a gradual plan to increase rates in 0.25% increments. This steady approach is aimed at bringing rates to normal levels without jolting economic health and markets.

If you are interested in this topic or would like to discuss how this might affect you, please feel free to reach out to our knowledgeable team of financial advisors.

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Bethany Muensterman

Published: December 16, 2015

Author: Bethany Muensterman, CFA

Email: bmmuensterman@paynewealthpartners.com

Phone: (812) 602-6307

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The information in this material is only as current as the date indicated, and may be superseded by subsequent market events or for other reasons. While all information prepared in this document is believed to be accurate, any statements of opinion constitute only current opinions of Payne Wealth Partners, Inc., which are subject to change and which Payne Wealth Partners, Inc. does not undertake to update. Accordingly, you should not put undue reliance on these statements. The information does not attempt to examine all the facts and circumstances that may be relevant to an individual’s financial needs. Payne Wealth Partners, Inc. is not soliciting any action based on these statements.

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