US Fed announces biggest interest rate hike in two decades
Rates to touch 2.9% by 2023. Seven more hikes are expected this year....
Tag : Federal Reserve
Greenspan, gold, and the banality of evil
The former chairman of the US Fed is warning against an inevitable crisis resulting from the very policies he helped implement Stefan Gleason July 12, 2016: Under certain circumstances, seemingly decent human beings are capable of horrific things.So it is with former Federal Reserve Chairman Alan Greenspan, who parlayed his sound money bona fides into...
‘Fed rate decision based on upbeat view of economy, market readiness’
Global uncertainty, low inflation not enough to delay liftoff decision, say BBVA Compass economists December 21, 2015: The US Federal Reserve’s decision to raise interest rates was based on an assessment by Fed policymakers that the US economy was headed in the right direction and ripe to handle the long road to monetary normalisation, BBVA...