Nope. They are doing what they should have done five years ago. A quarter percent every six months would be appropriate. This would push the CD rates back up to where they used to be (five-to-seven percent CDs were quite common in the 1980s).
I’m in favor of real interest rates in the 3-5% area.
Economic growth under Obama wasn't strong enough to take the rate increases. Under Trump it is.
Good for people with savings accounts. The low interest rates really hurt the retirees relying on CD’s but nobody seemed to care.
Yup - it is likely they aren’t raising it to hurt Trump, but they definitely didn’t raise to to avoid hurting Obama.