Interest Rates

Interest rate hike: What you need to know

VIDEO3:0403:04
The Fed's baby step
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Size of the Fed's balance sheet
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End of an era for Fed?

The Federal Reserve's Open Market Committee Wednesday approved a quarter-point increase in its target funds rate — the first interest rate hike since 2006.

Higher interest rates will have far-reaching implications for every corner of the world economy, from your mortgage rate to emerging market trade. CNBC's ongoing coverage — and what it means for your money — is being collected here.

Fed raises rates

Traders work on the floor of the New York Stock Exchange (NYSE) as a television screen displays coverage of U.S. Federal Reserve Chairmman Janet Yellen shortly after the announcement that the U.S. Federal Reserve had hiked interest rates for the first time in nearly a decade in New York, December 16, 2015.
FED RAISES RATES BY 25 BASIS POINTS, FIRST SINCE 2006
Traders work on the floor of the New York Stock Exchange (NYSE) shortly after the announcement that the U.S. Federal Reserve had hiked interest rates for the first time in nearly a decade in New York, December 16, 2015.
Here's what changed in the new Fed statement
The Federal Reserve
Fed sees rates around 1.375 percent at end 2016
A pedestrian walks by a Wells Fargo home mortgage office in San Francisco.
Banks raise prime rates; Wells Fargo moves to 3.5%
Janet Yellen
Yellen: Will remain data dependent, strongly doubt evenly spaced hikes coming
Traders work on the floor of the New York Stock Exchange.
Dow closes up more than 200, S&P positive for year after Fed raises rates

Your money

What the looming Fed rate hike means for your retirement
So the Fed raised rates. What's the next step for investors?
Time to start factoring in inflation to an investing strategy

Investing

Federal Reserve Board Chairwoman Janet Yellen.
The funds created to fight the Fed's rising rates
This is how to trade the Fed's second rate hike
Traders work on the floor of the New York Stock Exchange, as a television screen displays Federal Reserve Chair Janet Yellen speaking on June 17, 2015.
The sector that’s already celebrating a rate hike
Uber's Travis Kalanick and Snapchat's Evan Spiegel
What the coming Fed hike means for tech start-ups
Janet Yellen
Wall St. expects three more rate hikes in '16: Survey
Traders work on the floor of the New York Stock Exchange.
Santoli: Fed readies hike amid odd market action
Mohammed El-Erian
El-Erian: This time, the Fed will do it
On the 11th day of Fedmas, Yellen sent to me...
A trader works on the floor of the New York Stock Exchange during the morning of August 27, 2015 in New York City.
It's time to buy insurance: David Rosenberg
Dennis Lockhart of the Atlanta Federal Reserve
Fed's Lockhart: Markets well-prepared for liftoff
Traders work on the floor of the New York Stock Exchange.
Seeking safety? Try these two stocks
Traders work on the floor of the New York Stock Exchange.
Coming credit crisis will put Fed on hold: Strategist

The economy

Federal Reserve Board Chairwoman Janet Yellen delivers remarks December 2, 2015 in Washington, DC.
Fed's Yellen: US economy close to full employment
Shoppers carry bags while walking through the Cherry Creek Shopping Center in Denver.
Rate hike risk: 40% of consumers would spend less
Fed Chair Janet Yellen
Expect at least two Fed rate hikes in 2016: CFO survey
Janet Yellen
Fed-phobiacs: Relax, everything's going to be OK
A job seeker (left) shakes hands with a recruiter during a WorkSource Seattle-King County Aerospace, Maritime and Manufacturing job fair in Seattle on Oct. 6, 2015.
US created 211K jobs in Nov; unemployment rate at 5%

CNBC Explains

The Marriner S. Eccles Federal Reserve Building in Washington.
The Federal Reserve: CNBC Explains
Federal Reserve Board Chairwoman Janet Yellen.
Here's how the Fed actually raises interest rates
Federal Reserve Board Chairwoman Janet Yellen delivers remarks December 2, 2015 in Washington, DC.
Fed's rate hike calendar will be gradual: Experts
Federal Reserve Open Market Operations: CNBC Explains
Federal Funds Rate: CNBC Explains

What experts are saying...

Jack Welch
Why the Fed has no choice on rates: Jack Welch
Leon Cooperman
Cooperman: The market is ready for a rate hike
Marc Faber
Marc Faber: This is ‘precisely the wrong time’ for Fed to hike

Commentary

The Fed needs to unfreeze the economy
Rate hike will hurt THIS group the most
The party's over: What do bond investors do now?
Fed rate hike will expose 'naked swimmers'
Pedestrians walk in front of a Citibank branch in New York.
Rate hike could boost bank stocks

Outside the US

Cape Town, South Africa: An 'Easily recognizable city with strong international company presence'.
South African rand hits low – more pain coming?