The Fed is aggressively raising interest rates, although inflation is contained, private debt is already at 150% of GDP, and rising variable rates could push borrowers into insolvency. So what is driving the Fed’s push to “tighten”?
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The Fed is aggressively raising interest rates, although inflation is contained, private debt is already at 150% of GDP, and rising variable rates could push borrowers into insolvency. So what is driving the Fed’s push to “tighten”? On March 31st the Federal Reserve raised its benchmark interest rate for the sixth time in 3 years […]
Yellen’s remarks weren’t surprising given the volatility in global markets, but investors will be looking for further clues the Fed will raise interest rates again in July [XInhua]
US Federal Reserve Chief Janet Yellen’s speech at the World Affairs Council of Philadelphia Monday struck an optimistic chord about the state of the domestic economy, world economic hiccups, and monetary policy in the months ahead.
