Fed Hikes Rate For First Time Since 2006
It shows confidence in the economy.
The Fed is raising its target for the federal funds rate — the rate banks charge when they lend money to one another — from 0 percent to 0.25 percent. By itself, that modest increase isn’t going to have a big impact on the American economy. But the move is significant because it’s widely seen as the first step in a longer sequence of rate increases over the next couple of years.
Copyright 2015 Liberaland
8 responses to Fed Hikes Rate For First Time Since 2006
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anothertoothpick December 16th, 2015 at 15:51
The banks must be outraged. How are they supposed to make any money now?
rg9rts December 16th, 2015 at 16:45
Wall Street loved the idea and shot up yesterday in anticipation of this
anothertoothpick December 16th, 2015 at 17:03
Due to an economy that is growing.
rg9rts December 17th, 2015 at 02:09
More flexibility for the banks to play games
Tim Coolio December 16th, 2015 at 17:22
The GOP is mad, the opposition party might look better!
Tim Coolio December 16th, 2015 at 17:22
Nice to have a progressive Fed Chief, President and Pope.
maggie December 16th, 2015 at 21:42
it’s good there were several false starts…they have been giving people the heads up way in advance…and they are going slow…that’s the proper way….
William December 16th, 2015 at 22:45
Good. Finally the economy has improved enough to take the training wheels off. God bless our president and the skill and courage deployed to bring us back from the abyss of frat house politics and unbridled Wall street gambling. All without any help from the GOP. Republicans who would happily see the nation drive into a ditch than to lift a finger to help the black man who had the audacity to be elected by the people