Fed increases interest rate: get ready to pay more
The US Federal Reserve System is raising interest rates for the second time. This happened 3 months after the last increase. According to the nbcbayarea.com TV channel, this decision speaks of the stability of the US economy. At the same time, the next increase in the FRS will lead to higher rates on ...
US raised interest rate: what does it mean
On December 16, the Federal Reserve System (FRS) raised the federal funds rate, setting it in the range of 0,25-0,5% per annum. This happened for the first time since 2006. The interest rate hike was a welcome development. The move is a sign of economic recovery after the Great Recession. The Central Bank believes that the American economy...