The Federal Reserve raised its benchmark interest rate Dec. 16 by 0.25%, which could have implications for both defined contribution and defined benefit retirement plans moving forward.
While most experts agree that a small bump in rates — 0.25% to 0.50% — would not have much of an immediate effect on either side of the retirement aisle, they believe this is just the opening salvo in an attempt to get rates back up where most people believe they should be.
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