The Federal Reserve announced Thursday that it is keeping interest rates unchanged (SEE: Federal Reserve will not be raising interest rates (updates)). The Federal Open Market Committee (FOMC) decided against hiking rates, which was supposedly a lock just a month ago until the turmoil that occurred in the stock market. Everyone was saying that the […]
Archives for September 2015
Federal Reserve will not be raising interest rates (updates)
Federal Reserve Chair Janet Yellen announced Thursday that the United States central bank will not be raising interest rates. The Fed has left rates unchanged since 2008. Jeffrey Lacker was the only dissenting voice on the Federal Open Market Committee. Lacker wanted to raise rates by 25 basis points. “The committee anticipates that it will […]
Lloyd Blankfein: Wall Street is terrified of a Donald Trump presidency
Goldman Sachs CEO Lloyd Blankfein isn’t too keen on a White House occupied by Donald Trump. In fact, for Blankfein, it’s a terrifying prospect to have Trump’s “finger on the button.” And the rest of Wall Street and the financial industry feel the same as Blankfein. Essentially, Blankfein feels Trump and his statements are outright […]
More Americans waiting to buy a home today than in 1970s: report
One part of the American Dream is to own a home. This has been the goal of people all over the United States since its foundation. But a new report suggests that more Americans are delaying this element of the Dream because of economic conditions and lifestyle choices. According to new data from Zillow, a […]
Yikes: Berkeley city council may introduce a $19 minimum wage
Remember during the Occupy Wall Street protests, there were many activists demanding a $20 minimum wage? Many of us laughed at those people and we assured ourselves that such a number would never come into existence because there would be devastating economic consequences. Well, here we go. The Berkeley, California city council is considering a […]