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  1. #1
    Atomic Punk
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    12.11.17 @ 04:37 PM
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    Default US Fed raises interest rates by 0.25

    The Federal Reserve announced Wednesday it will raise its benchmark interest rate by 0.25 percent the first hike in nearly a decade.

    The rate hike will affect consumers on numerous fronts, ranging from interest rates on credit cards and mortgages to the returns on investments and savings accounts, but experts say the impacts will be modest to begin with.

    It was the first increase in the federal funds rate the percentage that banks charge one another for short-term loans since June 2006.

    The move shows that the Fed is confident that the U.S. economy has improved a great deal since the financial crisis. Investors will pay close attention to what the Fed says about its future plans on interest rate policy.

    Most observers expect the Fed will forecast a series of gradual rate hikes over the next year that will not significantly crimp strong consumer demand, or cool a housing market that has also propped up recent growth.

    http://fortune.com/2015/12/16/feds-rate-hit-you/
    "Watch what people are cynical about, and one can often discover what they lack. -- Gen. George S. Patton

  2. #2
    Atomic Punk edwardv's Avatar
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    12.16.17 @ 09:58 PM
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    Oh wow another 40 cents a month on my bank account interest.
    EVH 1979: Well, actually it's not much of a vacation, because we run everything ourselves. We design our own album cover, we have to be in the office every day to sign checks - the whole corporation revolves around us. Nothing can be done without our approval. We even have photo approval.

  3. #3
    Atomic Punk Dave's Dreidel's Avatar
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    12.16.17 @ 06:36 AM
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    Default

    They can't raise rates too much. If they do, we won't be able to afford servicing our Treasury Debt.

    Yes everyone, that is the position our Congresses and Presidents have put us in over the last 12 years.
    Taylor Swift is nice to look at. Adele can sing.

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  4. #4
    Atomic Punk edwardv's Avatar
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    12.16.17 @ 09:58 PM
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    The Fed Wants to Test How Banks Would Handle Negative Rates
    http://www.bloomberg.com/news/articl...o-test-in-2016

    not good getting ready for next crisis.....buy a safe?
    EVH 1979: Well, actually it's not much of a vacation, because we run everything ourselves. We design our own album cover, we have to be in the office every day to sign checks - the whole corporation revolves around us. Nothing can be done without our approval. We even have photo approval.

 

 

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