KCSM Newsline December 17, 2015
Mortgage rates and car loans will go up because commercial banks will raise their rates too. They reached their decision overnight signaling confidence in the u. S. Economy and job market. They released a statement after a twoday meeting. They raised their rate from 0. 25 to 0. 5 on thursday. Its a first increase in almost a decade. The labor market has shown considerable improvement this year and Economic Activity has been expanding at a moderate pace. Fed chair janet yellen said the decision reflects the committees confidence that the economy will further strengthen. She also stressed they w...