The Federal Reserve will raise the interest rates in december
It is a given. Everybody agreed on the next move of the FED. The Federal Reserve, according to the experts on air, will raise the interest rate in December.
And... It makes a lot of sense!
The current interest rates, almost null, have impacted the US economy with some job creation and bubble boost.
The attracted prices on US products on the international market boosted the the creation of some job category with a cheep dollar.
But the low rates boosted bubble such as the housing market: http://nypost.com/2014/12/04/brooklyn-is-the-least-affordable-housing-market-in-the-us/
Now it is a complicated call to go back to normal.
Is only a quarter of a point enough ?
think encore !!