Staying on pace: Fed raises interest rates
As anticipated, the U.S. Federal Reserve (Fed) raised the fed funds rate by 25 basis points today – from 0.75% to 1.0%. The Fed’s policy statement and Chair Yellen’s press conference emphasized that the economy is headed around their anticipated pace, and we can likely expect two more rate…
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March goes live: breaking down Janet Yellen’s testimony
Federal Reserve (Fed) Chair Janet Yellen endured a grueling and highly politicized two-day round of Congressional testimony. Senators and congressional representatives asked numerous politically charged questions about Dodd-Frank and the Fed’s role in financial regulation. The politicians lobbed…
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