To raise or not to raise? That has been the question for most of the past few years if you are a voting member of the Federal Open Market Committee (FOMC). The FOMC is the arm of the Federal Reserve Bank that votes on the direction of interest rates. The challenge is that while the U.S. economy shows signs of strength, the global economy has pockets of both weakness and extraordinarily low interest rates. Because of our relatively strong economy, raising interest rates here at home has been talked about a lot in the past few years. Why might this matter to you?
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