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.
Instead, it sets a federal funds target rate, which the Fed tries to achieve through open market operations -- buying and selling bonds on the open market to change the money supply. Other Rising Rates Stories: Fed Raises Interest Rates for First Time in Nearly 10 Years. How to Play the Fed's Interest Rate Hike in 2016.