Abstract
This column was published in Savannah Morning News.
Janet Yellen and members of the Federal Open Market Committee (FOMC) have decided to increase the Federal Funds rate for the first time since 2006. The new overnight interbank lending rate ranges from .25 to .5 percent and signals a “confidence in the U.S. economy,” said Yellen at the December FOMC meeting...
Original language | American English |
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Journal | Savannah Morning News |
State | Published - Jan 22 2015 |
Disciplines
- Finance and Financial Management
Keywords
- Fed hike
- Gradual trend