Tag: Federal reserve increased rates
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Worst week ever within past decade. Is this a sign?
When the world’s largest economy sneezes, many countries may catch a cold. Wall Street ended last week on a very bad note. It was the worst performance since late 2008. (That was when the sub-prime crisis happened, remember? When the banks lendings and speculative activities got too ‘crazy.’ All these are contributing to the worst…
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Great news: Largest economy adjusted interest rates upwards
Yes, the good news is finally here. The Federal Reserve has finally decided that the US economy has recovered from the 2007 – 2009 financial crisis. It raised the benchmark interest rate by a quarter of a percentage point to between 0.25 percent and 0.50 percent.Fed ChairJanet Yellen said, “With the economy performing well and expected to…