Below is an extract of a post published on Guardian titled "Federal Reserve raises interest rates despite pressure from Trump"
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Via: Guardian
Fed said rates will rise a quarter of a percentage point, to 2.25% to $2.5%, even though president called increases ‘foolish’ The US Federal Reserve raised interest rates again on Wednesday despite intense, and unprecedented, pressure from Donald Trump to leave rates unchanged. After a two-day meeting the central bank announced rates would rise a quarter of a percentage point, to a range of 2.25% to $2.5%, the ninth such move since late 2015. Related: Why are markets falling, and are we heading for global recession? I hope the people over at the Fed will read today’s Wall Street Journal Editorial before they make yet another mistake. Also, don’t let the market become any more illiquid than it already is. Stop with the 50 B’s. Feel the market, don’t just go by meaningless numbers. Good luck! Continue reading…
