Orbit comes from the Latin orbita, âcourse,â or âtrack.â The verb orbit is the act of revolving around another object, usually on a circular or elliptical course. Many planets, moons, stars, meteors spacecraft and other objects in outer space orbit around each other. Electrons also orbit around the nucleus of an atom.
Fed raises interest rates. America's first interest rate hike in nearly a decade is here. The Federal Reserve raised its key interest rate on Wednesday from a range of 0% to 0.25% to a range of 0.25% to 0.5%. The rate hike is a small one, but it will affect millions of Americans, including investors, home buyers and savers.
Janet Yellen holds a news conference in Washington. Photograph: Jonathan Ernst/Reuters The Federal Reserve chair, Janet Yellen, moved to raise interest rates again on Wednesday in her final major act as head of the US central bank. After a two-day meeting, the Fed cited the âstrongâ jobs market and growth in household and business spending in its decision to raise rates a quarter point to a range of 1.25% to 1.5%.