The Federal Reserve raised its short-term benchmark rate by one quarter of a percentage point on Wednesday. This widely expected decision increases the federal-funds rate to between 0.25% and 0.50%.
You'll feel the impact of rising rates on an individual level and on a household level. When interest rates go up or down, the resulting changes in other rates impact the way we borrow money, but also how we save money.
Frustrated house hunters, for ...

The Fed faces a more complicated situation than ever, with geopolitical risks driving the prices of several commodities to record highs and inflation rising sharply.
On the other hand, surging commodity prices hamper the global recovery and could lead to a faster and more painful downturn. What exactly will the Fed do?
In Goldman's view, however murky the risk events, the Fed's stated direction will remain intact.
Accordin...