Federal Reserve Board Chair Janet Yellen answers a reporter's question during a news conference about the Federal Reserve's monetary policy, Wednesday, Dec. 14, 2016, in Washington. The Federal Reserve is raising a key interest rate for the first time in a year, reflecting a resilient U.S. economy and expectations of higher inflation. The move will mean modestly higher rates on some loans.
Federal Reserve Board Chair Janet Yellen answers a reporter's question during a news conference about the Federal Reserve's monetary policy, Wednesday, Dec. 14, 2016, in Washington. The Federal Reserve is raising a key interest rate for the first time in a year, reflecting a resilient U.S. economy and expectations of higher inflation. The move will mean modestly higher rates on some loans. Alex Brandon AP
Federal Reserve Board Chair Janet Yellen answers a reporter's question during a news conference about the Federal Reserve's monetary policy, Wednesday, Dec. 14, 2016, in Washington. The Federal Reserve is raising a key interest rate for the first time in a year, reflecting a resilient U.S. economy and expectations of higher inflation. The move will mean modestly higher rates on some loans. Alex Brandon AP

Here’s how the Fed’s interest rate increase can affect you

December 14, 2016 04:29 PM