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Tick Tock, The FED Starts The Clock

Monday, December 21, 2015 0:30
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(Before It's News)

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.”

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Source: http://econintersect.com/pages/investing/investing.php?post=201512210035

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