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Janet Yellen To Wall Street: Merry Christmas, Here's A Quarter

Uhh, something happened?

After a nine year wait, J-Yells handed out a .25 rate hike. But it looks like it could be more than just a tease.

The Federal Open Market Committee unanimously voted to set the new target range for the federal funds rate at 0.25 percent to 0.5 percent, up from zero to 0.25 percent. Policy makers separately forecast an appropriate rate of 1.375 percent at the end of 2016, the same as September, implying four quarter-point increases in the target range next year, based on the median number from 17 officials.

Before we go watch everyone act like a lunatic (we're looking at you, CNBC's Steve Liesman), feel free to use our comments section as a safe space to share your personal rate hike truth.

Fed Ends Zero-Rate Era; Signals 4 Quarter-Point 2016 Increases [Bloomberg]



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