Federal Reserve Gifts The Trump Administration With A Rate Hike - Will That Slow Sales?

The Federal Reserve raised its benchmark interest rate on Wednesday for the first time in a year and signaled that rates could continue to rise next year more quickly than officials had expected. The increase was unanimous and modest, raising the Fed’s key interest rate by a quarter point, from a range of 0.25 to 0.5 percent to a range of 0.5 to 0.75 percent. It reflects Fed officials' confidence in the strengthening of the U.S. economy and what officials see as budding signs of higher inflation.
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TomM - 12/15/2016 5:15:37 PM

+1 Boost

In the total scheme of things - the prime interest rate is still WELL WELL below anything that would prevent a person from borrowing money to do something. I doubt people will even see much of a change. And now with Trump planning to put 13 million illegals on the other side of a wall - there will be a great shortage of labor force in the USA - the result will be higher wages and benefits to lure people. In fact - there are areas of the country where the entry level work force is stretched so thin as to require some employers to seek people in other places - and provide housing for them where they will work (Theme parks in Florida already do that)

MDarringer - 12/15/2016 7:26:03 PM

0 Boost

"gives" not "gifts"

People who use "gift" as a verb are a bit colloquial and Hallmarky to take seriously, yo!

MDarringer - 12/17/2016 5:32:04 PM

+2 Boost

"And now with Trump planning to put 13 million illegals on the other side of a wall - there will be a great shortage of labor force in the USA..."

@TomM are you that stupid?

First of all there would be no way ANY President could deport 13 million people in one fell swoop AND YOU KNOW THAT!

Secondly, there would be legal challenges to deportations that would take up court time making a sudden hit to the workforce unlikely AND YOU KNOW THAT!