Wednesday, December 16, 2015

Fed funds rate hike to be announced today

Article Title: Fed rate decision: what to watch for

Snippet of Article: "...The 10 officials setting US monetary policy are forecast to raise the range for the Fed funds rate — the interest banks charge each other overnight to lend reserves kept at the Fed — by a quarter percentage point from 0-0.25 per cent to 0.25-0.5 per cent..."

Source: www.ft.com Fed funds rate hike