Avie Schneider Fed Raises Key Interest Rate For 4th Time Since 2015 By Avie Schneider • Jun 14, 2017 Updated at 3:55 p.m. ET. Federal Reserve policymakers have raised their target for the benchmark federal funds interest rate by a quarter-point, to a range of 1 percent to 1.25 percent. The Next iPhone Can't Do These Two Things At Once By Avie Schneider • Sep 8, 2016 Apple giveth, Apple taketh away. Every year about this time, the tech giant unveils its latest iPhone. Company executives proclaim it the best iPhone yet. And fans can't wait to get their hands on the shiny new toys.