Fed Raises Rates Again

It looks like they are near the end of the tightening cycle though. They also did this:

In a statement outlining its widely expected step, the Fed dropped an oft-repeated description of policy as accommodative, or stimulative -- acknowledging that rates have risen to more-normal levels from an emergency low of 1 percent hit in mid-2003.

It looks like we are finally in the 8th or 9th inning judging by them dropping the language. This should be good for the stock market going forward.