After seven years of short-term interest rates near zero, everyone agrees that the Federal Reserve will start bumping up rates soon. Fed officials could make the move as early as today, although observers such as Greg McBride of Bankrate.com say it's
Here is the quick snapshot of the winners and losers if today the Fed tightens (in the process crushing another battalion of FF/Eurodollar traders who still see the probability of a tightening cycle starting today at under one-third)
Here is the quick snapshot of the winners and losers if today the Fed tightens (in the process crushing another battalion of FF/Eurodollar traders who still see the probability of a tightening cycle starting today at under one-third)
Federal Reserve puts rate rise on hold – as it happened. America's central bank announces it will not raise borrowing costs for the first time since the financial crisis began. Latest: Janet Yellen's press conference underway
For the past several months, the chorus of voices crying out over the prospect of a Federal Reserve interest rate hike have all been saying essentially the same thing – either they can't do it, or they simply won't do it. This is the