The Federal Reserve indicated on Wednesday that it was done raising interest rates for the foreseeable future, after a run of incremental increases that began to affect the typical consumer’s wallet.

The decision will hold the central bank’s benchmark for short-term rates to a target between 2.25 and 2.5 percent, the level it reached in December after steadily climbing since the end of 2015.

That is the target for the federal funds rate, the interest rate that banks and depository institutions charge one another for overnight loans. It influences how banks and other lenders price certain loans and savings vehicles.

Whether you will cheer or chafe at the halt depends, broadly, on whether you’re a saver or a spender. For savers and retirees, who were only just starting to find accounts that paid more than 2 percent, the end of rate increases means that’s as good as it will get. But people trying to whittle down a pile of credit card debt, thinking about tapping their home equity line of credit or buying a car should welcome the fact that the cost of those loans won’t keep rising.