The US federal government is set to hike federal interest rates by .025% and are forcasting 3 more raising in 2017 due to President Trumps government overhaul.
“Our decision to raise rates should certainly be understood as reflecting the confidence we have in the progress the economy has made and our judgement that will continue,” Fed Chair Janet Yellen said at a news conference.
Read More Here
November’s sharp drop in the unemployment rate to 4.6% from 4.8%, which ultimately could push up wages, also loomed large for Fed officials, she said.
We are expecting more hand out to the public like this from the government under Trumps rule. If we keep this up we will have a prosperous nation.