Fed Interest Rates

Wall Street gets some news it's been waiting for today as the Federal Reserve makes its latest decision on short-term interest rates.

Investors are nearly certain the central bank will lift the nation's key interest rate another quarter percentage point to five percent.

That would mark the 16th consecutive increase in two years.

The critical aspect is the Fed's assessment of the economy's health and how it views current inflationary pressures, which is why the central bank has been boosting rates recently.

Recent data has shown a booming economy in the face of higher lending rates and soaring energy prices.

With that comes the prospect of rising prices as companies spend more to hire workers and expand their operations.