Venture Capital
The Federal Reserve yesterday raised its benchmark interest rate to a range of 0.5 percent to 0.75 percent, up from 0.25 percent to 0.5 percent. People in the business of venture-backed startups were paying attention, too, and not because of the new range, which is still super low by historical standards. It’s what the move augurs – even higher interest rates in 2017 – that interests them.