Feds raise key interest rate to highest level in 5 years

New Fed Chairman Bernanke's first meeting results in rate hike. The target for the federal funds rate is now 4.75 percent, the highest in five years. This overnight bank lending rate affects rates consumers pay on auto and home-equity loans, as well as other types of debt.

More to come in 2006? Read the full story from CNN HERE or from Bloomberg.com HERE

Read the front page, March 29th article from the Wall Street Journal HERE