According to a central banker, this is the best time to find the best means to tackle the next downturn as the economy of the United States is getting stronger with the inflation level getting close to the two percent target of the Federal Reserve, as the steady rate increases of the Fed is likely to have subtle impact on growth in the latter part of the coming year. In his … [Read more...]
During a live conference Canada has a plan for rising rates and high debt
The economy of Canada will face a significant risk in the next three years as indebted consumers will respond to higher interest rates, this fact is made available by economists from three of the largest financial institutions in Canada. According to Frances Donald, the head of macroeconomic strategy at Manulife Asset Management, she said the risks in the housing market is … [Read more...]
For the fifth time Bank Indonesia raises rates to contain currency
For the fifth time since May, the central Bank of Indonesia has increased its benchmark interest in an attempt to protect the rupiah from being affected by emerging markets globally. Based on the predictions of the larger part of the 37 economists interviewed in a Bloomberg survey, the seven-day reverse repurchase rate was increased by 25 basis points to 5.75 percent. Though, … [Read more...]
For the third time in 2018 Federal Reserve raises interest rates
The benchmark interest rate was expectedly increased by one-quarter of a percentage point by the Federal Reserve on Wednesday, with more signs that the rates will be raised once more in December. After the conclusion of its two-day meeting where the monetary policy is decided, the Federal Open Market Committee continually pronounced the economic conditions as strong. According … [Read more...]
Federal Reserve ready to increase interest rates again as employment and income grow
It seems as though the Federal Reserve are set to increase the interest rates Wednesday, this followed the response from the central bank on the up rise of inflation and the blooming hiring by U.S. recruiter, this is also the third time such occurrence is happening this year. On Tuesday, a two-day meeting was commenced by the Federal Open Market Committee and stakeholders are … [Read more...]