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Tick Tock, The FED Starts The Clock
Monday, December 21, 2015 0:30
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by Lance Roberts, Clarity Financial
Real Investment Report, 20 December 2015
This past week, Janet Yellen announced the first hike in the Fed Funds rate in eleven years from .25% to .50%. When asked about why the Fed decided to raise rates now, Ms. Yellen responded by suggesting that the “odds were good” the economy would have ended up overshooting the Fed’s employment, growth and inflation goals had rates remained at low levels. She then went on to state that it was a “myth” that economic growth cycles die of “old age.”
Source: http://econintersect.com/pages/investing/investing.php?post=201512210035
