It's just a quarter of a point, but when combined with the first one-fourth point raises earlier this year, it's a full point to the federal interest rate setting the mark at two percent.
Shane Robinson, a comptroller with Dart Bank, says the move could help several people, including those invested in CD’s annuities.
However, those with substantial credit card debt or unconsolidated college loans could have a harder time climbing out of the hole.
The first raise of the year in June was the first hike to the federal interest rate in four years.
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