Fed raises rate 25 points to 0.75%, anticipates further increases while US dollar jumps in Asian markets

Thursday, December 15th 2016 - 00:18 UTC

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The U.S. Federal Reserve increased its benchmark interest rate by a quarter of a percentage point to a range of between 0.5 and 0.75%. The higher rate will affect the what savers and borrowers get on their variable rate products from banks, and the fine print of the bank's policy decision shows that a majority of Fed members expect more rate hikes to come, as many as three in the next 12 months, after previously signaling it was expecting only two. Read full article

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ChrisR
Mmmm!

I wonder they did this to rattle Trump?

Watch the unemployment start growing now some of the comfort blanket has been removed.
Dec 15th, 2016 - 07:32 pm - Link - Report abuse 0
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