Understanding The Fed's Rate Decisions: Do We Want High Or Low Interest Rates​?

Wednesday, the Federal Reserve increased its target interest rate by 25 basis points — its first rate hike in more than three years.

When the Fed changes interest rates, the impact reaches far beyond Wall Street. Higher rates can help savers earn more on their cash, while lower rates can make mortgages, car loans, and credit cards more affordable. But because every rate move creates both winners and losers, there's no simple answer to whether high or low rates are best.

This post originally appeared at yahoo!finance.