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.
What does the Federal Reserveâs decision to raise interest rates mean for your long-term and retirement investments? After almost a decade of holding the benchmark federal-funds rate near zero, the Federal Reserve raised the interest rate to a range of 0.25% to 0.5%. The board of directors also raised the discount rate to 1% from 0.75%. In the short term, thereâs a chance for ongoing volatility in both the bond and stock markets.