FILE - In this Thursday, Nov. 17, 2016, file photo, Federal Reserve Chair Janet Yellen testifies on Capitol Hill in Washington, before the Joint Economic Committee. A full year after the Federal Reserve raised a key interest rate for the first time in nearly a decade, it is widely expected that they are finally ready to raise rates again at their final meeting of 2016. But the real anticipation revolves around how the central bank plans to respond to the political tsunami that voters have delivered with the election of Donald Trump. (AP Photo/Susan Walsh, File)

Fed raises key interest rate for first time in year

The Federal Reserve is raising a key interest rate for the first time in a year, reflecting a resilient U.S. economy and expectations of higher inflation. The move will mean modestly higher rates on some loans.

FILE - This Oct. 31, 1986 file photo shows actor Alan Thicke in Los Angeles. On Tuesday, Dec. 13, 2016, a publicist said the actor has died at the age of 69. (AP Photo/Nick Ut)

Photos: Remembering Alan Thicke

The multi-talented Thicke, best known for his role on “Growing Pains” passed away Tuesday at the age of 69.