https://finance.yahoo.com/news/fed-rate-rise-timing-back-091012835.html
The chair of the Federal Reserve Janet Yellen is planning to announce a shift in policy later this week. Interest rates have been at an all time low lately and she plans to increase them sometime this summer. This is a supposed reflection of the US economies growing resilience. However the question is how will this policy effect the global economy. Much of Europe is still struggling and is faced with high wage inflation. China and Brazil are also facing their own issues. That in mind many are arguing that it is not the time for an increased interest rate.
2 comments:
More than anything, I think this is a very positive sign for the US. Whether or not the Federal Reserve does in fact raise interest rates, I think this proves that the US economy is back on its feet.
I agree with Emily in that it seems that our economy is doing well, and this is a good sign. Hopefully the next few months of low interests rates will encourage growth before the contractionary policy is put in place. It will be interesting to see how this effects the global economy.
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