What Happens when the FED raises their Federal Funds Rate?

A quick informational video of what will happen when the Federal reserve finally raises the Federal Funds rate. Will it happen tomorrow??

What happens when the fed raises rates.

I’m on record of saying they will not increase the Federal Funds Rate this year so I am maintaining my opinion, but I must say this is the first time this year that I have actual thoughts that they just may raise the Fed Funds rate tomorrow. If they don’t, it may be difficult to do it in December at the end of the 4th quarter.