Federal Reserve: 1st US Interest Rate Rise Since 2006
77 views · Published 16 December 2015 · 1:32 · Indexed 31 October 2026
Channel: Civil Disturbia · 2015 · News & Politics
@Fed Res #Bullshit Federal Reserve announces first rise in US interest rates since 2006 US central bank signals end to seven years of a monetary policy that began amid the worst financial crisis since the Great Depression Fed chair Janet Yellen says the rise ‘reflects the committee’s confidence that the economy will continue to strengthen’ The Federal Reserve raised interest rates on Wednesday, ending an extraordinary period of government intervention in the financial markets that started at the height of the recession. After holding its benchmark federal-funds rate near zero for seven years, the Fed increased rates a quarter-percentage point. The move signals the end of a monetary policy that began amid the worst financial crisis since the Great Depression. In a statement, the Fed said economic activity had been “expanding at a moderate pace. Household spending and business fixed investment have been increasing at solid rates in recent months, and the housing sector has improved further.” LINK - http://www.theguardian.com/business/2015/dec/16/federal-reserve-us-interest-rate-rise-fed-funds-janet-yellen #CivilD
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