The Federal Reserve Raising Interest Rates is Unwelcome and Unnecessary

Posted by | December 16, 2016 | Uncategorized | No Comments

By webadmin@aflcio.org (Colleen O’Neill)

Wednesday’s decision by the Federal Reserve to raise interest rates is unwelcome and unnecessary. As admitted in its statement, investment remains soft, growth is only moderate and inflation expectations are little changed. Moreover, the economy confronts financial headwinds from the recent jump in long-term interest rates and an even stronger dollar.

Source: AFL-CIO

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