A milestone was reached Wednesday in the recovery from the Great Recession -- the Federal Reserve raised a key interest rate a quarter of a percent. It was the .
Dec. 16 -- The Federal Reserve raised interest rates for the first time in almost a decade in a widely telegraphed move while signaling that the pace of .
For the first time in nearly a decade, the Federal Reserve has raised interest rates. The move puts the federal funds rate at about 0.4% after being held near zero .
The Federal Reserve is inching closer to the first interest rate increase in nearly a decade, minutes of the central bankers latest meeting indicated on Wednesday .