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BY EDWARD CUIPA On 16 December 2015, the US Federal Reserve announced the first increase in the federal funds rate in almost a decade, hiking the target benchmark rate range by 0.25 percentage points to 0.25–0.50 percentage points.[i] The move impacts economic growth because the federal funds rate sets the rate at which banks can […]
BY KAVI PATEL Backed by a 10-0 vote at the December 2015 Federal Open Market Committee Policy meeting, the Federal Reserve decided to increase the target Federal Funds interest rates by .25 percent for the first time since 2006. Chair Janet Yellen reaffirmed her confidence in the U.S. economy in a press conference that followed, and […]
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