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<div id='article-page'><div id='article-content' data-media-url='//news-app-staging.s3.amazonaws.com' data-base-url='//news-app-staging.herokuapp.com' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/2831/94280b66-841f-404b-8f3e-9eb129c3484b_hq.wav' data-capture-url='//staging.analytics.lingraphica.com/events/capture_news' data-article-title='US Move to Raise Interest Rates Could Have a Big Effect' data-article-id='3396'><script src='//news-app-staging.herokuapp.com/javascripts/getscripts.js'></script><link rel='stylesheet' href='//news-app-staging.herokuapp.com/stylesheets/article.css' type='text/css' /><div class='article'><p><span data-start-time='0' data-end-time='9875'>The United States central bank raised its main interest rate Wednesday for the third time this year.</span> <span data-start-time='9875' data-end-time='19021'>The rate increase could affect not only the U.S. economy, but economies around the world.</span> <span data-start-time='19021' data-end-time='29292'>Experts say the move could mark the end of what has been called the central bank&rsquo;s &ldquo;accommodative&rdquo; policy.</span> <span data-start-time='29292' data-end-time='39417'>That monetary policy was put in place after the international financial crisis 10 years ago.</span> <span data-start-time='39417' data-end-time='49375'>With it, bank officials sought to fuel economic growth through low interest rates and big loans.</span> <span data-start-time='49375' data-end-time='62688'>On Wednesday, the U.S. Federal Reserve Bank raised its federal funds rate to between two and 2.25 percent.</span> <span data-start-time='62688' data-end-time='75250'>Big, private banks pay this rate for short-term loans from the Federal Reserve, but it affects many other kinds of loans.</span> <span data-start-time='75250' data-end-time='83250'>Observers note that almost all important measures of the U.S. economy are strong.</span> <span data-start-time='83250' data-end-time='91667'>From April to June, the economy grew at a faster-than-expected rate of 4.2 percent.</span> </p></div><div class='control-buttons-sticky' style='display:none;'><div class='control-buttons'><button title='Back' class='back' disabled='disabled'></button><button title='Play' class='play' disabled='disabled'></button><button title='Pause' class='pause' style='display:none;'></button><button title='Forward' class='forward' disabled='disabled'></button><button class='finished-reading' style='display:none;'>Done</button></div></div></div><div id='article-media'><div id='media-image'><img src='https://news-app-production.s3.amazonaws.com/articles/2831/8E2BAC81-F5AD-4091-BF90-D0743952E81C_cx0_cy1_cw0_w1023_r1_s.jpg'/></div></div><div id='question-content' style='display:none;'><div class='vocabulary_question question-container' data-question-id=11599 data-hint-location='29292' style='display:none;'><div class='question' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/2831/what_does_monetary_mean.wav'>What does monetary mean?</div><div class='choices' data-correct-choice='related to the money in a countrys economy'><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/2831/related_to_the_money_in_a_countrys_economy.wav'><span>related to the money in a countrys economy</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/2831/relating_to_or_involving_a_serious_condition.wav'><span>relating to or involving a serious condition</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/2831/related_to_divorce.wav'><span>related to divorce</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/2831/related_to_regional_culinary_arts.wav'><span>related to regional culinary arts</span></div></div></div><div class='multiple_choice_question question-container' data-question-id=11600 data-hint-location='0' style='display:none;'><div class='question' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/2831/the_united_states_central_bank_raised_its_what_on_wednesday.wav'>The United States central bank raised its what on Wednesday?</div><div class='choices' data-correct-choice='main interest rate'><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/2831/main_interest_rate.wav'><span>main interest rate</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/2831/population.wav'><span>population</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/2831/debt_total.wav'><span>debt total</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/2831/sea__level.wav'><span>sea  level</span></div></div></div><div class='sentence_completion_question question-container' data-question-id=11601 data-hint-location='39417' style='display:none;'><div class='question' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/2831/with_it_bank_officials_sought_to_fuel_economic_growth_through_low_interest_rates_and__blank_.wav'>With it, bank officials sought to fuel economic growth through low interest rates and <span class='blank'>big loans</span>.</div><div class='choices' data-correct-choice='big loans'><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/2831/steel_production.wav'><span>steel production</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/2831/music_sales.wav'><span>music sales</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/2831/big_loans.wav'><span>big loans</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/2831/hard_work.wav'><span>hard work</span></div></div></div><div class='question-buttons'><button class='skip-button'></button><button class='hint-button'></button><button class='speak-button'></button></div></div></div>

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