Here comes Janet Yellen ...
Federal Reserve Chair Janet Yellen is set to take the mic after the Fed elected to raise rates for the first time since June 2006.
The Fed on Wednesday increased its target interest rate corridor to 0.25%-0.50% from 0%-0.25% exactly seven years to the day from when the Fed put its zero-interest rate policy in place during the depths of the recession.
Most all economists on Wall Street had expected the Fed to raise rates and following the announcement markets were, all things considered, fairly sanguine about the news.
Stocks were higher with the Dow up about 100 points while Treasury yields were also higher but not hugely as the 2-year yield again broke above 1% after doing so earlier in the morning.
Crude oil remained down about 3.5%.
We'll be back and updating this post live when Yellen takes the mic.
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