The Fed is working on trying to get the economy back to
normal. After 7 years of about 0%
interest the Fed is now going to be hiking up the interest rates by a whopping
.25% in hopes of stabilizing the economy.
I hope that it works. The decision
to move the rate up reflected the federal officials’ faith in the resilience of
the nation’s financial recovery and with the announcement stocks surged. The biggest change for most of us will be a
higher interest rate on our credit cards and our loans that we have
outstanding, it will be a long, long time I think until the banks will start
paying interest for the savors of the group.
No comments:
Post a Comment