Federal Reserve Raises Interest Rates for the Second Time in a Decade
Is the U.S economy getting better? This appears to be the general sentiment as the Federal Reserve announced today that it would be raising interest rates by 0.25 percent (one-quarter) for the first time this year and only the second time in the last decade. Since 2008, the U.S. (much like the rest of the world) has been on pins and needles from an economic standpoint. While some argue that the country has endured certain measures of stabilization, the fact that job reports are still low and unemployment spikes have been running rampant all year makes the general public a little skeptical.....
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The Federal Reserve raised rates by 50 basis points on Wednesday in its latest attempt to curb inflation in the U.S.