Very Interest-ing

December 18, 2015
The Federal Reserve Bank has finally taken the plunge and raised US short-term interest rates — after seven years of zero-interest rate policy (ZIRP). However, despite Fed claims to the contrary, businesses in the US are not in good shape — and the global economy is being dragged down by a weakening China. No wonder the market’s response was underwhelming, while analysts were openly critical.

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