US rate rise harder to justify nine years on

US rate rise harder to justify nine years on

405
0
SHARE
The last time the Federal Reserve raised its target interest rate, the decision did not seem such a big deal. It was June 29, 2006, US inflation was running at 4 per cent, stock markets had been rising unremarkably for 18 months, and everybody knew the rise was coming. The Fed’s brief communique, in which

NO COMMENTS