Wednesday, December 16, 2015

FED RAISES RATES FOR FIRST TIME SINCE 2006

   For the first time in nearly a decade the Federal Reserve has raised the federal funds rate by a quarter point. Everyone knew it was coming and some say it was overdue. Markets rose on the news and the Fed chair says the hike is a sign of confidence in the US economy.

FED RAISES RATES FOR FIRST TIME SINCE 2006

4 comments:

Anonymous said...

"...and the Fed chair says the hike is a sign of confidence in the US economy."

I blame Obama.

Anonymous said...

"However, the low rates, coupled with $3.7 trillion in money printing known as quantitative easing, did more to boost financial markets than the economy, which has never eclipsed a 2.7 percent annualized gain throughout the period, the worst recovery since the Great Depression."

I blame Obama.

And Barney Frank for getting us into this mess to begin with...

Anonymous said...

Obama's blindered view of his own prowess. They raised the rates because they had to, bowing to market expectations. I think it is too soon given tepid growth. I hope I am wrong.

Anonymous said...

9:41 Don't forget to blame former HUD boss baby Cuomo.
I hope you were talking about blaming Senator Obama as well as president Obama.