Tag Archive | "interest rates"

Faith in Fed Interest Rate Hike at All-Time High


WASHINGTON – Faith that the Federal Reserve Bank will finally raise interest rates, after years of broken promises, is now at an all-time high.

“The Fed is really going to raise rates after our next meeting,” said Norman Bates, Chair of the Philadelphia Federal Reserve. “We promise. Personally, I’m betting big on a substantial interest rate hike. I can’t wait.”

“Of course we will raise the interest rate,” said New York Fed Chair David Rockemellon. “We just have to do it at our next meeting.” Read the full story

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