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Did the Fed raise its interest rate?

Federal Reserve voted to increase its benchmark federal funds rate. How will Fed rate hike impact mortgages? What is benchmark interest rate?

Sources (1)· Sep 16, 9:56 PM

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Fed Chairman Warsh faces pressure to ‘put up or shut up’ after hot CPI reportFederal Reserve Chairman Kevin Warsh faces intense pressure to raise interest rates at next week’s policy meeting after a highly anticipated inflation report showed U.S. consumer prices marched higher last month. Underlying inflation rose more than expected in August, as the core consumer price index, which excludes food and energy costs, increased 0.3%…

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