Benchmark
How Yellen Sees the Fed's Rate Hike Affecting Average Americans
More confidence, better job prospects and changes in borrowing costs
The Fed Rate Hike in Two Minutes
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The Federal Reserve just raised its benchmark interest rate for the first time since 2006, an event market participants and economists have been breathlessly speculating over for months.
But what does such a seemingly small move mean for the average American? Fed Chair Janet Yellen spelled it out in a press conference following the central bank's decision.