The Federal Reserve just announced it will not be raising interest rates. Not only that, but it looks like rates are going to raise in 2017. The Fed said that this was a decision dictated by international events. Inflation is well below the stated 2% objective, there is continuous deflationary pressure. The hike will have to wait.
This was the most anticipated financial decision in the United States for nearly a decade. Base interest rates have been near zero since 2006. The decision was awa...
This story is part of New Europe's Premium content.
|To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑|