Interested in Interest Rates?

America’s economy has been at an all-time low for the past several years since 2007, when the nation took the most detrimental financial downturn since the Great Depression. The Recession not only drastically affected America in many areas but also globally around the world. The Federal Reserve executed necessary measures and reacted promptly to the financial crisis, such actions include the reduction in interest rates to nearly zero. Businesses are able to spend and financially support themselves because of these low rates. Employment has progressively improved with passing time but still has not reached maximum potential. The Feds discussed about the delay of the increase of interest rates. The economy is still in recovery and patience is crucial at this stage. It’s possible it won’t be until 2016 that rates will be raised. When it comes down to it at this moment, job creation wins over inflation.

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