The Federal Reserve’s decision to raise interest rates for the first time in a decade has garnered a lot of response. The move by the central bank made many financial experts and pundits say that the economic recovery is getting better and the country is officially back on track. Not quite, says one billionaire investor, […]
Archives for December 2015
Breaking: Federal Reserve will raise interest rates by 25 basis points – first hike in 9 years
The Federal Reserve has announced that it will raise interest rates by 25 basis points. This will be the first time since 2006 that the Fed has increased rates. Rates have been unchanged from near zero since 2008. According to a statement from the Fed, there were no dissents and the decision to hike rates […]
Live Coverage: Federal Reserve rate hike decision 2016
This is live coverage of the Federal Reserve’s decision to hike interest rates.
Marc Faber warns now is ‘the wrong time’ for Federal Reserve to raise rates
Today is the day: will the Federal Reserve raise rates or will it postpone the inevitable? One contrarian investor believes this is “the wrong time” for the Fed to increase interest rates for the first time in nearly a decade. Marc Faber, the editor of the Gloom, Boom & Doom Report, told CNBC on Tuesday […]
WalletHub publishes 10 financial predictions for 2016
What does 2016 have in store for the United States economy? WalletHub, a personal finance website, released its 10 financial predictions for 2016. One particularly interesting prediction is the very first one, which is the U.S. GDP lagging behind the rest of the world. It also forecasts “full employment,” which can certainly be attributed to […]