December 14, 2015

Federal Reserve likely to raise interest rates this week for the first time in nearly a decade

The Federal Reserve is widely expected to raise its benchmark interest rate this week for the first time in nearly a decade, marking the end of the central bank’s emergency response to the financial crisis but raising new questions about its next steps. 

The Fed dove into uncharted territory in 2008 when it took its target interest rate all the way to zero as the country slid into recession. Read more + video.

Washington Post

Related,
US interest rates will rise – and hit 3.5pc by the end of 2017 - Telegraph
Why the coming US interest rate hike is like none ever witnessed before - Telegraph

Has the Fed waited too long to raise interest rates? - LA Times
Nobel Laureate Says Fed Shouldn't Raise Interest Rates Next Week (video) - Bloomberg

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