Thursday, February 02, 2017

Hikes Could Take Decades, Trump Economic Policy Unclear

Here's Why The Fed Isn't Raising The Interest Rate Just Yet

Following a December hike in the Federal Reserve’s interest rate target, Fed Chairman Janet Yellen announced Wednesday the central bank’s decision to avoid giving the rate its third hike since the recession. Analysts were largely expecting the Fed to delay another hike in the federal funds rate, keeping the rate at which banks lend to one…