Interest Rate Rise

Interest rates have risen for the 5th time this year, with another one quarter percentage point rise earlier today. Interest rates are now at 2.25%, up from 2%.
The Fed stated that the economy "appears to be growing at a moderate pace", hence the increase.
Record low rates are slowly becoming a thing of the past. The low rates would eventually cause inflation, but the Fed stated that "inflation and longer-term inflation expectations remain well contained.".