That's good. That means the Fed believes the economy is in good enough shape to do it; that they don't have to keep the inter-bank loan at essentially zero in order to fuel recovery from the Great Recession. It is the first time in ten years they've raised the interest rate. Will make buying a house or a car a little more expensive but that's good. Wait, how is that good? Because it means the Fed sees a slight danger of inflation, which is bad. Too much of anything, even free money is bad. You don't really need a new house or car, stop pursuing happiness. Too much happiness is bad.
See?
See?
