Every week, hosts Tori Stilwell, Dan Moss and Aki Ito bring you a jargon-free dive into the stories that drive the global economy.

The Federal Reserve finally raised its main interest rate, after years of keeping it near zero to help pull the U.S. out of a severe recession. What does that mean for Americans' everyday lives? Michelle Meyer, deputy head of U.S. economics at Bank of America, joins the hosts to break down why this week's event was so significant for the economy, and how consumers, businesses and the government could all be affected by the central bank's move. 

https://soundcloud.com/bloomberg-business/episode-16-the-fed-finally-raised-interest-rates-now-what

Before it's here, it's on the Bloomberg Terminal. LEARN MORE