Corbynomics Good for Business; Fed Holds off on Rate Hike

(Before It's News)

Why Corbynomics Could Actually Be Good for Business. In many ways, Labour Party leader Jeremy Corbyn’s platform is highly pro-business. After all, investment in transportation, education, housing, health care and the digital economy helps business. Higher wages and a general redistribution of wealth would increase the purchasing power of ordinary people and stimulate demand for products and services.

Avoiding ‘Regressive Mistake,’ Fed Holds Off on Rate Hike — For Now. In a decision that aligns with progressive demands, the Federal Reserve announced on Thursday that it would keep interest rates near zero.

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