Fed raises interest rates, lays out plan to unwind its massive balance sheet

The Federal Reserve on Wednesday said it decided to raise interest rates, signaling that it believes the economy is healthy enough to withstand tighter financial conditions.
It raised the target range of the federal funds rate by 25 basis points to a range of 1%-1.25%, a level it hasn't reached since the financial crisis. This hike should eventually lift borrowing costs on credit cards, loans, and other types of debt.
The Fed raised rates for the second time since President Donald Trump to