Our Economic Times: Fed Hike First in Gradual Trend

Document Type

News Article

Publication Date

1-22-2015

Publication Title

Savannah Morning News

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...

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