Interesting, I hadn't read the outcome of Wednesday's meeting. Prior to it the local Fed Chiefs were saying that they definitely expected one to two raises this

Interesting, I hadn't read the outcome of Wednesday's meeting. Prior to it the local Fed Chiefs were saying that they definitely expected one to two raises this year, and maybe as early as September. All rate hikes are usually minuscule, but they add up. 2 minuscule rate hikes would double the rate right now. One reason to raise rates is that they were set as low as they were for emergency purposes. The emergency itself is over, so time to start increasing them a little.