• 10 things you need to know in markets today

    9 days ago - By Business Insider

    Good morning! Here's what you need to know.
    1. The Federal Reserve raised interest rates on Wednesday. The move was widely expected but still marked a milestone in the US central bank's shift from policies used to battle the 2007-2009 financial crisis and recession.
    2. Tether, a digital currency pegged to the dollar, may have been used to manipulate the price of bitcoin and other cryptocurrencies. "Tether seems to be used both to stabilize and manipulate bitcoin prices," professor John Griffin and doctoral student Amin Shams said.
    3. The trustee liquidating Bernard Madoff's firm announced...
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  • The Fed just raised interest rates - here's how it happens and why it matters

    The Fed just raised interest rates - here's how it happens and why it matters

    9 days ago - By Chron

    Mark Wilson/Getty; Samantha Lee/Business Insider
    The Federal Reserve on Wednesday raised its benchmark interest rate for the seventh time since late-2015.
    The US central bank adjusts the interest rates that banks charge to borrow from one another, which is eventually passed on to consumers.
    This time, the Fed made a slight tweak to how it usually raises rates.
    Banks give out money all the time - for a fee.
    When we borrow and then pay back with interest, it's how banks make money.
    The cost of borrowing, known as the interest rate, can make a big difference in which credit card you choose or...
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  • The Federal Reserve Is Increasing The Pace Of Interest Rate Hikes Just In Time For The 2018 Mid-Term Elections

    The Federal Reserve Is Increasing The Pace Of Interest Rate Hikes Just In Time For The 2018 Mid-Term Elections

    9 days ago - By The Economic Collapse

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    If the Federal Reserve really wanted to hurt the U.S. economy, the quickest way that it could do that would be by aggressively raising interest rates. Lower interest rates make it less expensive to borrow money, and therefore economic activity tends to expand in a low interest rate environment. Alternatively, higher interest rates make it more expensive to borrow money, and economic activity tends to slow down in a high interest rate environment. Since 1913, the Federal Reserve has engaged in 18 previous rate hiking cycles, and every single one of them...
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