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Detailed text transcripts for TV channel - FOXNEWS - 20161214:19:01:00

had in the last year. right now kind of a tepid mixed market reaction. the language. the raising the rate because they re basically saying that there s a worry about inflation throughout the country. and another reason we expected the fed to raise interest rates is because of what we ve seen with the markets, the rally that we ve had since donald trump was elected president-elect. right now the dow now down about four points. up a quarter percent. .25%, right now a year ago, the range that the fed gave us us, .25%, .5%, now the fed is telling that overnight lending rate that banks use is going to be .5% to .75%. exactly as the markets expected. more importantly, what does this mean to american kps what does this mean to your wallet? if you ve got a savings account and you ve been hurting with your returns over the last several years, you re going to get a little bit of respite, but rate heights right now. those that have adjustable

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